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Stock indicators: Neutral Stance 8/27/10 (near the close)

|Includes:SPDR S&P 500 Trust ETF (SPY), SPY

At current stock market levels, our long-term indicators are slipping to a "medium level" bearish stance.  

Our intermediate-term indicators still believe that the market is oversold, but with today's rally, they have slipped to a moderate to medium-level bullish level.  

Thus, the indicators have a neutral stance.  Long-term investors should be cautious, as our long-term indicators have not been this bearish in a while.  Traders should keep an eye on short-term trends to dictate stock positions.  I will update changes in intermediate and long-term indicators on this blog.  

Disclosure: neutral stock position

Stocks: SPY, SPY