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Scott Schlegel’s Stock Market Indicators – 6-17-18

17 June 2018

Medium term is overbought and seemingly at its recent peak level. It is slightly lagging the S&P given its recent high is less than one made over a month ago. This shows some disconnect between the broader market and the SP-500. Short term seems to have broken down out of its ascending trend. Ultra short…

Scott Schlegel’s Stock Market Indicators: 6-7-18

07 June 2018

The medium term indicator did a fine job of identifying a tradeable bottom. It is still lagging the S&P-500 which should cause some confident loss in the long side of the trade. Right now the market seems to have a one track mind – going up until behavior changes. Short term comments reflect the same….

Scott Schlegel’s Stock Market Indicators – 6-3-18

03 June 2018

Short term is slightly overbought and is exhibiting a pattern of higher lows and lower highs on the recent rally. Medium term seems to have decidedly turned lower in spite of marching higher indexes. If this is truly getting close to the end of this recent rally, we’ll continue to see some rotation of funds…

Scott’s Stock Market Indicators – 4/2/18

03 April 2018

Here are the latest readings from my stock market indicators. Medium term is getting oversold but showing a clear positive divergence from the major indicators indicating a potential medium term bottom given the yield curve still hasn’t inverted. However, this indicator still hasn’t technically bottomed and turned up so some caution is warranted. Short term…

Scott’s Stock Market Indicators – 3/13/18

13 March 2018

Ultra short term declined off of recent highs today. Not oversold yet. Short term slightly declined today. Definitely not oversold – partially overbought. Medium term is overbought again but heavily lagging its recent peak possibly showing some amount of weakness in individual stocks.

Scott’s Stock Market Indicators – 2/15/18

15 February 2018

Long term indicator remains very overbought. Medium term indicator, for some reason, hasn’t gotten off the ground with this most recent strong rally. Short term indicator is getting back to overbought. Ultra short term indicator is also getting back to overbought, and is perhaps rolling over.