Are we oversold yet?

And the answer to that is no. Not yet anyway. Check out the McClellan Oscillator charts below for the oversold levels.

I am sorry but I will have to keep this post short dear readers as I have things to do and places to go to, but needless to say, any bounces here will be opportunities to get out of existing long positions or go short rather than start new long positions.

Take care and good luck!