17 Sep Scott Schlegel’s Stock Market Indicators – September 17th, 2019
Hey all, here are the latest readings from my proprietary stock market indicators.
So how do I interpret the tea leaves as they currently lay? S&P is entering a seasonally weak period from Mid September to Mid October. Liquidity issues are being addressed by the Fed before anything “bad” has even happened in equity markets.
The volatility index (VIX) is not at lows in spite of S&P-500 being near all time highs. This non-confirmation can portend weakness in addition to the clear fact that S&P didn’t make new all time high.
In summary, from a risk management perspective, it is not a fantastic time to buy.