Value Line has been around for 60+ years and its picks have done much better over that period than the Dow and S&P and this has led to some indicators: The number of triple ones (highest ratings for safety, timeliness and technical ratings) are one such indicator. If they go up in number the market strongly tends to follow but it is not an effective timing indicator. And likewise in the other direction. The triple ones are getting kind of low in number. Projected returns on stocks recommended for timeliness work the same way when returns are expected to increase general market returns tend to increase. the reverse is also true. So, the market is likely to go way down in the next six months.