Overbought-Oversold Indicator

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Frazier Overbought-Oversold Indicator

04/23/17: After falling to substantial oversold territory from April 13-19, short-term traders bid up U.S. stock prices, in general, on Friday, April 21 in response to President Trump’s signing of an executive order on that day to simplify the U.S. tax code and the President saying that he will unveil a plan for a “massive” reduction in tax rates on April 26.

With the price-momentum of U.S. stocks moving to the upside on April 20-21, we at Frazier & Mayer Research, LLC, the providers of Investors Monitor and InvestorsMonitor.com, expect U.S. stocks, in general, to continue to move higher during the week of April 24-28.