Scott Schlegel’s Stock Market Indicators – February 7th, 2019

The Ultra Short Term indicator is partially oversold. It has been lagging since early January.
Short term is slightly overbought. Again, it is lagging the peak made in early January.
Medium term is coming off of extremely overbought levels,. This may not be the greatest time to buy stocks. A month ago, sure, it would’ve been great.
Long term is oversold and oddly declined today. If this is anything like 2016, we could expect this to rally and then possibly decline again. Remember, this indicator gives slower calls than the other three. Either spot in 2016 would’ve been a good buying point if you had the long view in mind.