Economic Logic Stock Market Timing Indicators are Bearish at -3.0 (Range is -7.0 bearish to +7.0 bullish)

Economic  Logic 
  Stock  Market 
Timing  Indicators,
        as of June 15, 2021:
           S&P500 at 4247

 

Indicator  Total  
-3.0   =   Bearish  
 ( Range is -7 to +7 )



The  Seven  Indicators:

    Short  term  indicator                              

(1) AAII  Sentiment  Ratio

---   Neutral at 62.9% bullish,

for the 6/9/21 four-week average 

https://el2017.blogspot.com/2021/06/aaii-sentiment-remains-neutral-57-cash.html

    Medium  term  indicators 

(2) Election  Year  Cycle

 --- Neutral, 

until the end of 2022

https://www.seasonalcharts.com/zyklen_wahl_dowjones4j.html

  

 

(3) Seasonality  Cycle

--- Bearish, 

from May 2021 through October 2021,

 then bullish for six months

https://www.seasonalcharts.com/classics_sp.html

 (4) Corporate  Insider  Trading

--- Bearish,

with few large buys in the past month

https://el2017.blogspot.com/2021/06/corporate-insider-trading-in-past-month.html

(5) Federal  Reserve  Policy

 --- Bullish,  after a huge expansion

of Federal Reserve Credit

and the M2 money supply

    Long  term  indicators

(6) S&P500  Price to Sales Ratio

--- Bearish  at 3.12x 

on June 15, 2021

https://www.multpl.com/s-p-500-price-to-sales

(P/S Ratio updated after every trading day)

(7) S&P500  Dividend  Yield

 --- Bearish at 1.1% 

Assuming that dividends equal 50% 

of the latest S&P500 four quarter earnings

($94.13 for the year ending 12/31/20)

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