NYSE & NASDAQ Oscillators

This has definitely been a chaotic market, as we've seen our oscillators move from extremely oversold conditions only a few weeks ago, until last week when we said "whoa," it was time to ease off on any new equity buys.  You can see the logic below as these short-term oscillators quickly reversed.

We always try to remind you, these are short-term indicators.  But even when we turn to our longer-term psychology indicators, we find some of them also saying that this stock market probably needs a rest - just as we enter that August-October period that often brings about at least a lull, and sometimes some negative volatility.

Don Hays

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