Overbought-Oversold Indicator

– Updated Every Sunday at 7:00 PM U.S. Eastern Time –

Frazier-Overbought-Oversold-Indicator-(03-08-19)

03/10/19: The price-momentum of stocks moved to the downside during the week of March 4-8 causing our proprietary Overbought-Oversold Indicator to fall into oversold territory after remaining in substantial overbought territory during most of the time from January 8 to February 27. Although the current reading on that short-term stock market timing indicator suggests that U.S. stock prices, in general, will move a bit lower over the next few days, the readings on our other short-term indicators suggest that stocks will move in a sideways pattern for the entire week ending March 15, 2019.