Bullish or Bearish? Week of August 29, 2016

Here are the results of the technical and sentiment indicators for the week of August 29, 2016:

Technical Indicators

S&P 500 is above its moving averages but pointing down = Neutral

MACD (S&P 500; 19,39,9) is above the zero line = Bullish

MACD (S&P 500; 19,39,9) is slightly below its signal line = Neutral

S&P 500 is near support @ 2,170 = Neutral (2,150 next support level)

Sentiment Indicators

II survey: (Aug. 23) 56.7% Bulls; 20.2% Bears = Bearish

AAII survey: (Aug. 24): 29.4% Bulls; 29.6% Bears = Neutral

VIX: @ 13.65 = Bearish

RSI: (S&P 500) @ 49.62 = Neutral

Comment: S&P 500 showing signs of stress. Observe market closely this week. 

Bullish or Bearish? Week of August 22, 2016

Here are the results of the technical and sentiment indicators for the week of August 22, 2016: 

Technical Indicators

S&P 500 is above its moving averages = Bullish

MACD (S&P 500; 19,39,9) is above the zero line = Bullish

MACD (S&P 500; 19,39,9) is even with its signal line = Neutral

S&P 500 is above support @ 2,150 = Bullish

 

Sentiment Indicators

II survey: (Aug. 16) 56.2% Bulls; 20.0% Bears = Bearish 

AAII survey: (Aug. 17): 35.6% Bulls; 26.4% Bears = Neutral

VIX: @ 11.34 = Bearish

RSI: (S&P 500) @ 59.40 = Neutral

Bullish or Bearish? Week of August 15, 2016

Here is my latest column for MarketWatch with the technical and sentiment numbers listed below: 

http://goo.gl/rwlw0z

 

Technical Indicators

S&P 500 SPX, +0.28%  is above its moving averages = Bullish

MACD (S&P 500; 19,39,9) is above the zero line = Bullish

MACD (S&P 500; 19,39,9) is even with its signal line = Neutral

S&P 500 is above support @ 2,150 = Bullish

 

Sentiment Indicators

II survey: (Aug. 9) 54.3% Bulls; 20.9% Bears = Bearish 

AAII survey: (Aug. 10): 31.3% Bulls; 26.8% Bears = Neutral

VIX: @ 11.80 = Bearish

RSI: (S&P 500) @ 64.90 = Overbought

Bullish or Bearish? Week of August 8, 2016

Here are this week’s results for the technical and sentiment indicators:

Technical Indicators

S&P 500 is above its moving averages = Bullish

MACD (S&P 500; 19,39,9) is above zero line = Bullish

MACD (S&P 500; 19,39,9) is even with signal line = Neutral

S&P 500 is above support @ 2,150 = Bullish

Sentiment Indicators

II survey (Aug. 2) 52.9% Bulls; 21.2% Bears = Bearish 

AAII survey (Aug. 3): 29.8% Bulls; 26.8% Bears = Neutral

VIX @ 11.39 = Bearish

RSI (S&P 500) @ 64.56 = Overbought

 

Bullish or Bearish? Week of August 1, 2016

Here is my latest analysis of the stock market, published today on MarketWatch: 

http://goo.gl/f3SWvV 

Note: I will continue to post the technical and sentiment readings on Fridays after the market close (deeper analysis every two weeks).

Here’s a summary of this week’s numbers:

Technical Indicators:

S&P 500 is above its moving averages = Bullish

MACD (S&P 500) is above zero line = Bullish

S&P 500 Support: 2,150 (Above support = Bullish)

Sentiment Indicators:

II survey (July 26): 53.9% Bulls; 21.6% Bears = Bearish

AAII survey (July 27): 31.3% Bulls; 28.4% Bears = Neutral

VIX @ 12.44 = Bearish

RSI (S&P 500) @ 62.74 = Overbought