13 Dec Stock Market Indicators – December 13th, 2015
Here are the latest readings from my stock market indicators.
Short term has continued down to oversold levels. These aren’t extreme levels yet, but they are oversold.
Medium term is slightly oversold. Again, not extreme and not yet a great buying point. Stay on the sidelines for now.
I don’t post this indicator very frequently. It is a composite of the three indicators above. We are reaching levels not seen since 2011 and earlier this year.
With the recent prevailing weakness, I recommend staying on the sidelines until something changes – Fed pulls interest rate hike from table. I foresee a rally in the latter part of December with some more weakness in January / February until a good tradeable bottom from March until May. This is all, of course, subject to change based on the economy and the Fed.