The Bull/Bear Rating for this week is neutral, down from a [ + 2 ] last week. The ratio of New Buy Signals to New Short Sell Signals is just slightly in favor of the Bears, but not enough to push the Rating into Bear territory. The Composite (black) line of the Market Trend Forecast chart has decidedly rolled over (see far right side of the chart where the Composite line has now crossed through and below the Short Sell (red) line). This is very indicative of the early stage of a correction.

Bull/Bear Forecast For the Upcoming Week

The Bull/Bear Rating provides a one-week directional signal on the market, with [-5] being the most Bearish and a [+5] being the most Bullish. The data represented in the Market Trend Forecast Chart generally provides a 90-day directional view of the market. The red line (New Short Sell Signals) and the green line (New Buy Signals) show both a technical direction and the degree of strength of Bullishness or Bearishness. The higher these lines go, the greater the strength; the lower these lines go the lower the strength. The black line (Composite) is the combined impact of both the new Short Sell Signals (Bearishness) and the new Buy Signals and provides a directional indication of the overall market. The lower this line moves, the more Bearish the market. The higher this line moves, the more Bullish the market.