Here are the latest readings from my stock market indicators. April is historically one of the best months for the S&P before the old adage to sell in May and go away takes hold. We’ll see how this rally holds up after the month end / start fund bid goes away.
Ultra short term is neutral Short term is overbought Medium term remains oversold Long term is neutral to slightly oversold
Ultra short term has been building off a solid base and shows at least some stocks are not getting as pummeled lately. It's neutral right now. Short term did the opposite and made new lows and is slightly off lows remaining in oversold territory. If this time is not different, this indicator is likely indicating...
The best case scenario is for all these stock market indicators to line up at low values, and for the medium term to stay above its previous lows while major indices reach new lows. This doesn’t necessarily mean we haven’t bottomed, but it does mean it’s not yet a high probability entry point. Can’t argue…
Ultra short is oversold again. Short term is neutral. Likely just lagging the rally from early last week. Medium term is oversold. Long term is neutral to slightly overbought.
Ultra short term surprisingly hasn't reached levels from late 2018 yet. That said, very oversold. Short term is oversold and nearing 2018 levels as well. The biggest surprise is given how swift this move is that the medium term indicator really isn't even close to being oversold yet. This is typically my best indicator for...
Ultra Short Term is slightly below neutral. Short term is neutral and has performed weakly since mid-2019 given the S&P's performance. Medium term is neutral, but again has remarkably weak performance lately. Typically, but no always, this behavior precedes a significant decline. The little train that could: this long term indicator broke out of a...
Here are the latest readings from my stock market indicators. Nothing too telling right here.
Ultra short term has broken down to new recent lows. Short term slightly below neutral. Medium term is slowly building a coil slightly above neutral. All recent highs fail to confirm S&P strength. This lagging indicator is finally starting to reach back into overbought levels. Oddly in hindsight it did a pretty good job at...
Here are the latest readings from my proprietary stock market indicators. Overall it’s not a great time to be buying. However, that is not to say that stocks will not continue upwards until something changes. It’s just now is not like December 2018 or 2015.
