- The close today remains below the 50-day moving average.
- The stochastic indicator is in short term over bought territory.
- The market advance since August 16th has occurred on declining volume.
Given the somewhat poor technical picture of the market, this doesn't mean there aren't some attractively valued stocks in the market right now. The point is one should be selective when making their investment decisions and only committing dollars that can remain in the market for the long term.