Scott Schlegel’s Stock Market Indicators – November 15th, 2020

Ultra short term is slightly overbought
Short term is overbought
Medium term is slightly overbought
Long term is just above neutral

Overall, the indicators are telling us that it is not a high probability of future positive returns. That said, my indicators are never that great for identifying sell points. There are no changes in monetary policy expected. Gridlock in DC is typically beneficial for the stock markets.