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Scott Schlegel’s Stock Market Indicators – August 9th, 2020

09 August 2020
Ultra short term is neutral
Short term is slightly overbought
Medium term is slightly overbought
Long term is neutral

Many leading stocks took a hit at the end of last week indicating that money switched to laggards as the Dow and S&P rallied with Nasdaq not as exuberant. Seasonality is still positive through early September.

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