27 Sep Stock Market Technical Indicators – September 27th, 2015
Here are the latest readings from my stock market technical indicators.
Short term is slightly oversold.
Medium term is slightly oversold.
Long term is oversold.
Seasonality will likely continue to weigh on markets until the end of October The monetary base is back near all time highs, but on an annualized basis is only “growing” at 0%. The growth of the monetary base is required to support higher prices in all asset classes. Gold and silver seem to be changing character, but still need to break out of their long term “descending triangle” patterns before we have confidence in them heading higher.