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

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