Stock Market Indicators – January 12th, 2015

Here are the latest readings from my stock market indicators.  Not a whole lot of change since the last post.

st_1-12-2016

The medium term indicator is oversold.  Not extremely oversold, but oversold nonetheless. Not a good time to be entering short sales.  We need some more confirmation on this before entering long positions.

mt_1-12-2016

Short term is oversold and is at the most recent low.

lt_1-12-2016

Long term is getting oversold again.  We’ll have to see if this breaks the recent low or not.

I also monitor treasuries.  The long term Treasury ETF (TLT) seems to have broken out of a descending triangle to the upside.  If this breakout continues to hold, it indicates some serious flight to safety.