Here is my latest analysis of the stock market, published today on MarketWatch:
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
I will notify you of my posts via twitter@michaelsincere




