Stock screens and broad market indicators are sending conflicting signals, so there’s no reason to expect a change in the status quo. Long term indicators remain bullish. Intermediate indicators are mixed and the screen data is weakening, but not by much. We’ve seen this before in the past four months, and the end result has always been the same. The market edges higher. For now, we are still looking at projections in the 1413-17 range in the short run, and possibly the 1450s looking out toward year end. Click here to download complete report in pdf format (Professional Edition Subscribers).
Try the Professional Edition risk free for thirty days. Unbundled subscription service packages starting from as low as $39! Click here for more information.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
