Dollar Stores at new High, World Markets Fall

The stock market continues to give mixed signals. The past month has been a mean-reversion environment, not a trending one. Using Weinstein's indicators I interpret the weight of evidence as bearish on the long-term (see table below). I remain cautious since I am looking for trends that last a few months or more. The most bearish development last week was the world-market index (ex-USA), VEU, making a new 52-week low. To quote Weinstein: