18 Oct Stock Market Indicators – October 18th, 2015

Here are the latest readings from my stock market indicators.

Long term remains slightly oversold.

Medium term is slightly overbought.

Short term bounced from neutral levels and is headed back towards overbought levels.

A few weeks have changed a lot in the markets.  There was panic, and my medium and short term indicators were oversold both during the morning of the crash on August 24th, and then stayed stronger during the re-test in September.  This positive divergence at those lows has given the stock market some fuel for rallying the past month.