Loading... (0%)

Scott Schlegel’s Stock Market Indicators – April 12th, 2019

12 April 2019
Ultra Short Term is neutral with a slight negative divergence over the last month.
Short term is slightly overbought.
Medium term is slightly overbought, and is showing clear divergence since January from the S&P index. Usually this behavior comes before a correction in the S&P.
Long term surprisingly is still neutral to slightly negative after a significant rally in the S&P.

The rally that began on Christmas eve is starting to age. However, with April typically one of the best months of the year, I don’t think it’s time to roll over has arrived just yet. Probably have to wait for some maturation and flat/topping/rolling over action to take place over the next 2-3 weeks.

Post your Comment

Rules of the Blog
Do not post violating content, tags like bold, italic and underline are allowed that means HTML can be used while commenting. Lorem ipsum dolor sit amet conceur half the time you know i know what.