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Scott Schlegel’s Stock Market Indicators – February 14th, 2021

14 February 2021
Ultra short term is back in neutral
Short term is slightly overbought
Medium term is overbought
Long term is insanely overbought at 87%
I’ve been reading some items about stocks relative to their 250 day exponential moving average, and that eventually they return to it. I decided to start monitoring this daily.

Right now, we’re at 9% of all stocks at 30% or more away from their 250 exponential moving average.. I’m also monitoring those 40% and 50% higher than the same reference point. Those are about 4% and 2%.

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