Ultra short slightly overbought. Short term is slightly overbought and oddly has a clear declining trend. Medium term has shown clear signs of decline recently. The S&P is resisting this decline so far. This appears to have slight signs of slowing down its ascent. Will it roll over?
We will encounter some seasonal headwinds in the next two weeks. Medium term remains overbought, VIX is slightly oversold, and Long term many stocks haven’t yet recovered from the sell off last fall. It’s not a super low risk time to be buying equities.
Ultra short term is overbought. Short term is slightly overbought. Medium term is slightly overbought, and sits a little off of recent highs. Long term is oversold. Something is going on here. Most stocks still haven't entered long term rallies in spite of the 13% or so rally off the Christmas eve lows. On a...
The Ultra Short Term indicator is partially oversold. It has been lagging since early January. Short term is slightly overbought. Again, it is lagging the peak made in early January. Medium term is coming off of extremely overbought levels,. This may not be the greatest time to buy stocks. A month ago, sure, it would've...
Ultra Short Term is neutral. Oddly it has fallen off quite a bit since its high in early January. The same comments from the Ultra Short Term Indicator apply to the Short Term Indicator. Medium Term Indicator is overbought. Long Term Indicator is oversold. Oddly it has not hit lows reached since this epic Bull...
Ultra short term is lagging its recent peak. Slightly overbought at this time. Short term has temporarily diverged from the S&P. It is not overbought. Medium term is extremely overbought. After coming back off of the worst readings in a decade. Long term is finally oversold. Surprisingly given this was the worst correction since 2008...
Read Part 1 Here: http://www.scottschlegel.net/get-rid-c-diff-part-1-2/ Disclaimer: Again… please see a doctor. C. Diff can kill you. I believe my cure worked for me and two others. However, it may not work for you and may not be safe for you. Most of mainstream medicine considers this bacteria borderline incurable (permanently) so it is unlikely a guy…
Considering the above, it’s a positive sign the market seems to have broken out of its persistent negative patterns that existed all 2018. This bounce is strong enough to question its relentless rise without a re-challenge of the lows. It “feels” unsustainable. For people who bought on Christmas Eve, you’re enjoying impressive gains.
Here are the latest readings from my stock market indicators. Long term indicator is still heading towards extremely oversold levels. This is a lagging / coincident indicator.
Medium still oversold Short term overbought Ultra short term overbought Both short term indicators identified the recent tradeable bottom – oversold with a positive divergence from the previous low. If you were brave enough to get on it, congrats.
