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

The Indicators are showing a bit conflicted information. Overall, the medium term indicator could most definitely turn lower and it’s an odd confluence of a record high S&P with a fairly oversold medium term indicator. The medium term indicator typically should bottom with S&P bottoms. The internals are detached from the majors.

Here are the latest readings from my stock market indicators. Caption beneath each image and summary at bottom. In summary, due to the conflicting readings from most of the indicators, it is not a great time to enter the market. For a short term entry, last week’s extremely oversold UST indicator provided a decent buying…

Ultra short term is oversold. Short term is oversold. Medium term is neutral. Plenty of room to fall. Long term is neural. Plenty of room to fall.