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

Posted at 08:46h in Uncategorized by
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.