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The Tell: Technical analyst: Stocks have come through an ‘internal bear market’

Martin Pring doesn’t feel bullish and doesn’t particularly want to be bullish, but he’s going to be until the market tells him otherwise.

Pring, a veteran technical analyst and the president of Pring Research, said on “MoneyLife with Chuck Jaffe” that indicators that had been bearish have become more positive despite the market not taking any sort of broad dive. He described the market action as having come through something of an “internal bear market,” where the indexes trade in a band or range and avoid a big decline, but certain sectors and industries — most notably energy and mining —- behaved bearishly.

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