Scott Schlegel’s Stock Market Indicators – April 5th, 2020

Here are the latest readings from my stock market indicators.

Ultra short term is slightly oversold. It has seemingly built higher and higher lows indicating some good developments.
Short term is oversold and has also built off of its lows.
Medium term is nearly neutral again.
Long term is almost oversold.

April is historically one of the best months for the S&P before the old adage to sell in May and go away takes hold. We’ll see how this rally holds up after the month end / start fund bid goes away.