Economic Logic Stock Market Timing Indicators are Neutral

The  Seven
Economic  Logic 
Stock  Market 
Timing  Indicators,
as of January 22, 2021:
S&P 500 at 3,841

 

Indicator  Total  
0   =   Neutral 
( -1 to +1 is Neutral ) 
 ( Range is -7 to +7 )



The  Seven  Indicators
    Short -term  indicator                              
(1) AAII  Sentiment  Ratio
---   Neutral
At 60.9% bullish for the
1/18/21 five-week average
https://el2017.blogspot.com/2021/01/aaii-sentiment-remains-neutral-52-cash.html


    Medium-term  indicators 
(2) Election  Year  Cycle
 --- Bullish
From June 2020 to June 2021


(3) Seasonality  Cycle
--- Bullish
From November 2020
through May 2021,
then bearish for six months.


(4) Corporate  Insiders
--- Bearish
Very few large buys 
since September 2, 2020
latest week, and links to prior weeks:
https://el2017.blogspot.com/2021/01/corporate-insiders-large-trades.html


(5) Federal  Reserve  Policy
 --- Bullish
After an unprecedented expansion
of Federal Reserve Credit and the
M2 money supply in 2020


    Long-term  indicators
(6) S&P500  Price to Sales  Ratio
--- Bearish
At 2.80 on January 22, 2021
https://www.multpl.com/s-p-500-price-to-sales


(7) S&P500  Dividend  Yield
 --- Bearish
At 1.6%,
assuming dividends
equal to 50% of $123.37
S&P 500  earnings
from 4Q 2019 to 4Q 2020

For  the  Indicator  Total:

+3  to  +7 = Bullish

+1,5  to + 2.5 = Moderately Bullish

-1  to  +1 =  Neutral

-1.5  to  -2.5 = Moderately Bearish

-3  to  -7 = Bearish

 

For  an  individual  indicator:

Bullish = +1 point

Moderately Bullish = +0.5 points

Neutral = 0 points

Moderately Bearish = -0.5 points

Bearish = -1 point