19 Apr Scott Schlegel’s Stock Market Indicators – April 19th, 2019 Posted at 20:21h in Uncategorized by Scott Schlegel Ultra Short Term is neutral. Nothing to see here except indecisiveness and decidedly less strength than when this rally started. Short term is neural. Again, showing a lot less stocks in short term up trends than in late December. Eventually this will cause the majors to roll over. Medium term shows the most true state of the market. It’s slightly overbought, and significantly lagging. Lots of stocks are simply not in medium term up trends. Long term has been continuing upwards since mid February. This is a tad of a lagging indicator and is neutral at this time. The fact that this is barely back to neutral should be slightly alarming considering how much the S&P has gone up. This means many stocks entered long term downtrends late last year and not all have recovered and entered long term uptrends.