Scott Schlegel’s Stock Market Indicators – June 14th, 2022

The market has been brutal lately.  Nearly everyone is talking about mounting losses, bear markets and recessions around the corner.  Everyone is talking about inflation – which has been the monetary policy for the last decade.

Ultra Short Term is oversold

Short term is oversold

Medium term is back to slightly oversold, but with an odd twist – it is positively diverging from the major indices which made new lows recently.