Stock Market Indicators – December 4th, 2015

Here are the latest readings from my stock market indicators.  Today’s move was definitely unexpected.  Gold and silver also rallied solidly on the news off of the descending support channels.  These precious metals are risky (for speculative trading – maybe not for holding) until they remain firmly above their 50 and 200 day moving averages.  The mining stocks have been outperforming the metals in that they haven’t made a new recent as the metals have.  This is definitely a change in character as the stocks had led the way down the past few years.


Long term is neutral.


Medium term is neutral.  That said, this is not an optimal buying point.

Short term remains slightly oversold.