Just Slightly Oversold
Before I updated the Oscillator today I was thinking we were completely oversold. I was wrong.
Before I updated the Oscillator today I was thinking we were completely oversold. I was wrong.
The Osama Factor didn’t cause the stock market to climb — in fact the market has just entered into a correction.
The market is showing me three reasons why the the correction is done, the first one being the Overbought Oversold Oscillator.
The stock market shook our the weak investors on Wednesday, as what looked to be the start of a correction was really just a shakeout.
The stock market’s been overbought since September, that’s a good reason to reduce esposure as this market could be correcting.
Just as everything is looking up, the stock market goes into overbought territory. Stocks are overbought, so tread lightly on investing more money into the market.