A Jumble of Indicators

I have been discussing the upcoming overbought reading for a few days now. While I do not want to belabor that point, I do want to be sure we're all aware that the market is set to reach the maximum-overbought level Friday, according to my oscillator. The Nasdaq Momentum Indicator, meanwhile, indicates that index will reflect an overbought condition by Thursday. Do not take these as perfectly timed conjectures; rather, take them as an area that points to late this week -- one that about coincides with the European Union summit, which is set for Friday.

The market saw even more cross-currents Tuesday as it chopped about at resistance once again. The index put/call ratio chimed in at 92%, and typically a reading under 100% implies a down day is coming very shortly. The last time we saw this indicator come in under 100% was Nov. 18, or the Friday before Thanksgiving week -- which, I would remind everyone, wasn't great to the stock market....396 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.