Overall, it’s not a great time to buy. That doesn’t mean a top is in, but does mean lots of the gains from March have been made and it is more risky to enter here.

Overall, the indicators are telling us that it is not a high probability of future positive returns. That said, my indicators are never that great for identifying sell points. There are no changes in monetary policy expected. Gridlock in DC is typically beneficial for the stock markets.

Ultra short term is slightly overbought Short term is overbought Medium term is slightly oversold Long term is slightly overbought

Ultra short term is slightly oversold Short term is oversold Medium term is oversold Long term is slightly overbought

Ultra short term bouncing from very oversold levels Short term is very oversold Medium term is slightly oversold but still above the early September lows Long term is slightly overbought

Ultra short term is neutral to slightly oversold Short term is slightly oversold Medium term is overbought Long term is slightly overbought

Ultra Short Term is slightly overbought Short term is slightly overbought Medium term is neutral Long term is neutral

Ultra short term is oversold Short term is oversold Medium term is retracing back to its recent slightly oversold level Long term is neutral

The McClellan Summation index is in a downtrend from 6/17

Ultra short term is slightly oversold Short term is slightly oversold Medium term is slightly oversold Long term is neutral