Bullish or Bearish? Week of May 25, 2020

Mid-term: The S&P 500 started off with a bang last week and is now right below its 200-day moving average = Bullish. 

One-month trend = Sideways. SPX has slowly climbed higher during the month = Bullish.

RSI: (S&P 500) @ 57.74 = Mildly overbought. 

MACD: MACD is above its zero line and even with its 9-day Signal Line = Neutral

Daily Intraday Volatility (VIX): 28.16 = Elevated but falling = Neutral. 

Comment: It’s a four-day week after the Memorial Day holiday. It’s a tale of two countries, and two tapes. On one hand, the country is nervous over the high number of virus deaths, and millions are in economic pain. The country is struggling to get back to “normal.” 

On the other hand, the stock market acts as if everything is fine. Futures are up strongly on Monday night. Apparently, the bulls are going to make a play for the S&P 500’s 200-day moving average, and they might get their wish. 

It’s impossible to predict what is going to happen this week so I will leave it to the professionals to give their take. I admit I have no idea which direction we’re going, but the bulls seem to be in control for now. I do know that only one entitiy can be right: either the stock market is signaling that all is well, or the economy is telling us things are dire. 

Bottom line: Be patient during these strange times. Trade less when uncertain. 

I turn to Lance Roberts, Wolf Richter, and Sven Henrich for their excellent analysis: 

Lance Roberts @ realinvestmentadvice.com on how the market is “stuck in the middle.”: https://bit.ly/2LZd4Ec

Sven Henrich @ Northman Trader on how the market is oblivious to reality, and another Straight Talk video: https://bit.ly/2zvBbYr

Wolf Richter @ wolf street.com on the Hertz bankruptcy and other economic warning signs: https://bit.ly/3d4B0lv

___________________________________________________________

For daily results of multiple indicators, read Yardeni Research: https://goo.gl/eT3fzA

For insightful analysis of the stock market, read Lance Roberts:www.realinvestmentadvice.com

For insightful analysis of economic conditions, read Wolf Richter:www.wolfstreet.com

___________________________________________________________

Bullish or Bearish? Week of May 18, 2020

Mid-term: The S&P 500 had a lackluster week, unable to rise above its 200-day moving average. Unless something changes this week, it’s still a bear market (by my definition). Futures are higher on Sunday night so maybe the bulls can push it to SPX 3000.

One-month trend = Sideways. SPX has worked hard but has gone nowhere in the last month. It’s either going to break out or break down.

RSI: (S&P 500) @ 52.71 = Neutral. The market could go in either direction this week. 

MACD: MACD is above its zero line and even with its 9-day Signal Line = Neutral

Daily Intraday Volatility (VIX): 31.89 = Relatively High. Volatility remains elevated but much lower than a month ago. Volatile trading days are still expected. 

Comment: I wish I had something exciting to say but I don’t. Jerome Powell gave a harsh assessment of the economy on Thursday, and the market sold off quickly. On Sunday night he backtracked and said things are looking brighter. Which is it?

As Lance Roberts said last week, either the economy is right and we’re in deep trouble, or the stock market is right and the worst is over. But both the stock market and economy can’t be right.

The market has been drifting sideways for nearly a month with low volume and lack of institutional participation. We can continue drifting for a while longer until the market either plunges or rallies. No one can predict which, so the best strategy is sit and wait for the next trend.

Bottom line: It appears as if the economy is getting worse while the stock market keeps climbing. Unusual is an understatement. If trading, be patient and don’t try to force trades. Sometimes the best trade is not trading at all. Let’s hope we get some clarity this week.

Here are two additional and more detailed analysis of the current market:

Lance Roberts @ realinvestmentadvice.com sees a seasonal sell signal: https://bit.ly/36f5wqf

Sven Henrich @ Northman Trader with a Straight Talk video on the current market: https://bit.ly/3g0Et6n

___________________________________________________________

For daily results of multiple indicators, read Yardeni Research: https://goo.gl/eT3fzA

For insightful analysis of the stock market, read Lance Roberts:www.realinvestmentadvice.com

For insightful analysis of economic conditions, read Wolf Richter:www.wolfstreet.com

___________________________________________________________

Bullish or Bearish? Week of May 11, 2020

Mid-term: The S&P 500 continued to move higher, coming ever closer to the almighty 200-day moving average. This is another pivotal week. Can SPX surpass the 200-day (and stay above)? If it can, it’s bullish. If not, it’s bearish.

One-month trend = Bullish. SPX has worked hard, with the Fed’s help, to rally right below its 100 and 200-day moving averages. The economy is in shambles but the market spikes higher. Both can’t be right (more on this later).

RSI: (S&P 500) @ 58.29 = Neutral. The market could go in either direction this week.

MACD: MACD is above its zero line and even with its 9-day Signal Line = Neutral

Daily Intraday Volatility (VIX): 27.99 = Relatively High. Volatility remains elevated but much lower than a month ago. Volatile trading days are still expected.

Comment: Most people are shaking their head at last week’s market action. The unemployment rate and job losses were the worst since the Great Depression, and some economists say it’s even worse than you think. Meanwhile, the stock market rose back near its previous highs (Nasdaq already did).

As Lance Roberts says, either we have a depressionary economy or that things couldn’t be better, according to the stock market. Both can’t be right, and we should know soon who it is.

It’s no secret that the Fed has been pouring trillions into the stock market using a variety of methods. No one knows how long they will do that, and how long it will be successful. Common sense says reality will hit one of these days, but then again, logic has taken a vacation.

Bottom line: My gut feeling says the worst is coming, and reality will be arriving at the stock market near you. But with the Fed ready to pump up any selloff, anything is possible. Read the excellent blogs below for excellent discussions on the current stock market.

The following is a must-read interview with Larry McDonald, publisher of the “Bears Trap Report.” In summary, he says, buy silver and other commodities, and sell stocks: https://bit.ly/2zu2Dp3

Lance Roberts @ realinvestmentadvice.com on how a depressionary economy and rising stock market can’t both be right: https://bit.ly/2yBfR3D

Sven Henrich @ Northman Trader with an informative video discussion with three market gurus: https://bit.ly/3blIzmn

___________________________________________________________

For daily results of multiple indicators, read Yardeni Research: https://goo.gl/eT3fzA

For insightful analysis of the stock market, read Lance Roberts:www.realinvestmentadvice.com

For insightful analysis of economic conditions, read Wolf Richter:www.wolfstreet.com

Bullish or Bearish? Week of May 4, 2020

Mid-term: The S&P 500 spurted higher last week but is still slightly below its 200-day moving average = BearishThe longer it remains below its 200-day MA, the more bearish it is. It must rise above the 200-day MA and stay above for the bulls to take control.

One-month trend = Bullish. SPX has worked hard, with the Fed’s help, to rally above its 50-day moving average. Nevertheless, at this writing, it has still not risen above its 100-day or 200-day MA. Until then, the bear case is still possible, and in play.

RSI: (S&P 500) @ 52.53 = Neutral. The market could go in either direction this week but futures are lower on Sunday night.

MACD: MACD is slightly above its zero line and slightly above its 9-day Signal Line = Neutral to Bullish

Daily Intraday Volatility (VIX): 37.19 = Relatively High. Volatility remains elevated. Expect volatile trading days. 

Comment: The indexes started the week with a spectacular rally (small caps rallied 10% in 3 days) before and during the Fed meeting. Just when it appeared as if SPX would rise above its 200-day moving average (and also while hitting key Fibonacci technical levels), SPX retreated (they gave back nearly all of the gains). On Sunday night, the futures are lower and it appears as if the rally has run out of steam, at least for now.

As the market climbed higher last week, traders wondered if that was a bear market rally, another word for a Bull Trap. That is when the bulls believe the worst is over and they buy at the top of a rally, only to watch it reverse direction.

I spoke to a buy and hold investor friend of mine who has all of his money in various indexes. He was down as much as 30% a month ago and now is down only 13%. He is thinking of selling but “only when I get back to even.” You heard it here first: Many investors are not going to sell until they get ALL of their money back.

For my friend’s sake, I hope he succeeds. But I have seen this scenario before with individual stocks. You lose money, you get 75% of the money back, and you get greedy. You want 100% of your money back so you don’t sell. Then the stock plunges. I’m not predicting this will happen to the SPX, but it’s possible. After all, the economy is not in a good place and we have not solved the virus problem.

Bottom line: This will be another fascinating week. The Fed helped the market last week with monetary and fiscal injections, and helped to smash the bears…for three days. This week we will find out who really has the winning hand. I’m also curious if the Fed jumps in again to “save” the market if it starts to get ugly again. We shall see.

Once again, I recommend that you read the following pieces. Be sure to watch the video from Sven, which gives a bearish analysis of the market environment:

Sven Henrich @ Northman Trader on the failed rally last week: https://bit.ly/3fcdCUG

Lance Roberts @ realinvestmentadvice.com on why selling in May makes sense this year: https://bit.ly/2WlZmjD

___________________________________________________________

For daily results of multiple indicators, read Yardeni Research: https://goo.gl/eT3fzA

For insightful analysis of the stock market, read Lance Roberts:www.realinvestmentadvice.com

For insightful analysis of economic conditions, read Wolf Richter:www.wolfstreet.com

Bullish or Bearish? Week of April 27, 2020

Mid-term: S&P 500 is still below its 200-day moving average = BearishThe longer it remains below its 200-day MA, the more bearish it is for the market. Nevertheless, SPX did make it to its 50-day moving average, so it’s best to stand back and see how high (or low) it can go this week.

One-month trend = Bullish. SPX has worked hard, with the Fed’s help, to rally back to its 50-day moving average. Let’s see if it’s a bear market rally (most likely) or a continuation of the bull market (unlikely).

RSI: (S&P 500) @ 55.01 = Neutral. The market could go in either direction this week. The Fed is meeting on Tuesday and Wednesday, so anything is possible.

MACD: MACD is even with its zero line and even with its 9-day Signal Line) = Neutral

Daily Intraday Volatility (VIX): 35.93 = Relatively High. Volatility remains elevated. Expect volatile trading days. 

Comment: The Fed meets this week so there should a number of crosscurrents. The market has made a brave attempt to rally back to its 200-day moving average (SPX 3007). With the Fed throwing gobs of money at the stock market, anything is possible.

However, the bad news keeps piling up. Unemployment is at all-time highs, the virus is still swirling around, most businesses are closed, the economy is in shambles, and most people are still hunkered down in their homes.

Maybe the Fed can pull a rabbit out of a hat and convince people that all is well, but I have my doubts. Unless there is a vaccine or some other good virus news, the bears could take control. However, the Fed will do anything possible to keep the market levitated.

Bottom line: Expect a tug-of-war this week between the bulls and the bears.

The two pieces below are brilliantly written. Sven Henrich approaches the market from a technical perspective, while Lance Roberts discusses the fundamental case (with some technical analysis). Be sure to watch the videos in the Henrich blog. Highly recommended:

Sven Henrich @ Northman Trader on the current market environment. He is leaning bearish: https://bit.ly/2Ya47iK

Lance Roberts @ realinvestmentadvice.com on whether the bear market is over: https://bit.ly/2KB6Vxx

___________________________________________________________

For daily results of multiple indicators, read Yardeni Research: https://goo.gl/eT3fzA

For insightful analysis of the stock market, read Lance Roberts:www.realinvestmentadvice.com

For insightful analysis of economic conditions, read Wolf Richter:www.wolfstreet.com

Bullish or Bearish? Week of April 20, 2020

Mid-term: S&P 500 is still below its 200-day moving average = BearishThe longer it remains below its 200-day MA, the more bearish it is for the stock market. The strong rally continued last week as SPX attempts to reach the 200-day moving average.

One-month trend = Bearish. After a strong downtrend, SPX bounced back strongly. It could be a typical bear market rally, but let’s wait and see if the rally fails.

RSI: (S&P 500) @ 57.36 = Neutral. The market could go in either direction this week so be careful. 

MACD: MACD is slightly below its Zero Line but rose above its 9-day Signal Line) = Neutral to Bullish

Daily Intraday Volatility (VIX): 38.15 = High. Volatility remains elevated. Expect volatile trading days. 

The market has rallied so quickly and strongly that it surprised almost everyone. A number of bullish investors have proclaimed that the bear market is already over. Hmmm.

There is a disconnect between the stock market and the economy. As I’ve often said, the market is the news, and that is true. With the Fed’s help, the market has recovered much of its losses, and is acting as if the economy is strong and all is well.

Unfortunately, reality is going to smack the market like a 2 x 4 in the face. I would be very very cautious about being long at these elevated levels. With the economy in shambles, with millions out of work, with the virus still ravaging the world, and with bad news as far as the eye can see, eventually reality will win.

I wish I had better news but in the short-term, we are going to be in a world of pain. Eventually many of our problems will be solved, but not quickly. Many people are too impatient. They want the bear market to end, for the economy to recover, and for everyone to return back to work. In reality, we are in for a longer term process that will take time a lot of time to play out.

My advice: Be very cautious and defensive in these dangerous times. I would not be surprised to see the indexes fall well below the March lows in the next few weeks or months. It might be hard to believe we could crash again but that is typical of a failed bear market rally.

Once again, here are two pieces that I recommend reading:

Sven Henrich @ Northman Trader on how you should look at one chart to see the truth about the current market: https://bit.ly/2VmnmnB

Lance Roberts, money manager @ realinvestmentadvice.com on how the market has moved into the resistance zone: https://bit.ly/2XMyM5p

___________________________________________________________

For daily results of multiple indicators, read Yardeni Research: https://goo.gl/eT3fzA

For insightful analysis of the stock market, read Lance Roberts:www.realinvestmentadvice.com

For insightful analysis of economic conditions, read Wolf Richter:www.wolfstreet.com

Bullish or Bearish? Week of April 13, 2020

Mid-term: S&P 500 is below its 200-day moving average = BearishThe longer it remains below its 200-day MA, the more bearish it is for the stock market. Last week was the strongest rally in 45 years but it wasn’t enough to bring the indexes above the 200-day.

One-month trend = Bearish. After a strong downtrend, SPX bounced back strongly. It could be a typical bear market rally, but let’s wait and see.

RSI: (S&P 500) @ 54.62 = Neutral. The market could go in either direction this week so be careful. 

MACD: MACD is below its Zero Line but rose above its 9-day Signal Line) = Bearish to Neutral

Daily Intraday Volatility (VIX): 41.67 = High. Volatility remains elevated. Expect volatile trading days.

Comment: Last week was the strongest rally in 45 years. I wish we could celebrate but the odds are good it is a bear market rally, which typically doesn’t last for long. The futures are lower on Sunday night and so is oil.

The Fed has thrown huge sums of money at every asset class, including the stock market. Meanwhile, the real economy is in deep, deep trouble.

Until the indexes rise above their 200-day moving averages, I would treat every rally with deep suspicion. And until I see evidence of a strong uptrend, I will treat this is a bear market.

Wall Street and Main Street want the bear market to be over quickly, but it’s going to take time to repair the damage. Sadly, we are still suffering from the effects of the virus, and most businesses are still shuttered. Until that changes, I would not be in a rush to be going long right now.

I wish I had more positive news but bear markets are not fun for most people, and this is going to be a bad one. I don’t believe the cheerleaders on TV, or those who proclaim the bear market is over, or those who say we’re going to bounce back soon. I hope they’re right, but I doubt it.

Cash is not a bad place to be until we start solving our financial and health problems. It’s heartbreaking to see the thousands of people lining up to get food from the food banks. A lot of people are hurting.

I can’t remember where I read this but I’m paraphrasing: When things are going good, they go really good. And when things are going bad, they go really bad. Be prepared for some very tough times ahead.

The good news is that one day they will find a cure for the virus, the economy will recover, and the bear market will end. The key is surviving the tough times in the short term, which will be challenging for almost everyone.

I have an article coming out on Tuesday on MarketWatch on the bear market.

The following are much more detailed analysis of the current stock market:

Sven Henrich @ Northman Trader on how the Fed cannot buy its way out of this crisis: https://bit.ly/3cewCzD

Lance Roberts, money manager @ realinvestmentadvice.com on how the bear market is still prowling: https://bit.ly/2VlYhYI

___________________________________________________________

For daily results of multiple indicators, read Yardeni Research: https://goo.gl/eT3fzA

For insightful analysis of the stock market, read Lance Roberts:www.realinvestmentadvice.com

For insightful analysis of economic conditions, read Wolf Richter:www.wolfstreet.com

Bullish or Bearish? Week of April 6, 2020

Mid-term: S&P 500 is well below its 200-day moving average = Bearish. The longer it remains below its 200-day MA, the more bearish it is for the stock market. Until SPX rallies back above, assume we are in a bear market.

One-month trend = Bearish. After a strong downtrend, SPX recently bounced back, but only briefly.

RSI: (S&P 500) @ 42.92 = Slightly oversold. The market could go in either direction this week so be careful.

MACD: MACD is below its Zero Line but rose above its 9-day Signal Line) = Bearish to Neutral

Daily Intraday Volatility (VIX): 46.80 = High. Volatility has skyrocketed as fears increased, but fell last week. Expect volatile trading days until fear subsides.

Comment: It has been hard for many people to believe how quickly our lives, and the world, has changed. Those who can adjust to the changes even under adverse conditions will ultimately thrive. I am hoping that the millions of people whose lives have been upended will find a way to succeed. It will take time, but I am really hoping for the best.

Meanwhile, as long as the indexes are below their 200-day moving averages, I will treat this as a bear market. This is going to be very hard for many people to believe, especially on the days the market rallies.

For over 10 years, we were in a strong bull market, and now it’s over. Many are hoping the bear market will end quickly, and some actually think it already ended. The reality is that if this bear market follows a traditional path, the bear will last anywhere from 6 to 18 months. Judging by the economy and the impact of the virus, I believe it could last longer than most investors realize.

Therefore, if you want to face reality, then rallies should be viewed with suspicion. Although there will be amazing, mind-blowing rallies on occasion, as the bear market continues, the indexes will ultimately grind lower. Those who don’t want to believe or don’t see will keep buying on the dip as the indexes fall. Traders call it “trying to catch a falling knife.” Because the market will drop so slowly at first, bullish investors will feel like a frog being boiled in hot water.

Yes, some stocks will outperform, and if you continue to have a bullish mindset, you might find stocks that are going up. But if this is a traditional bear market, many stocks will continue to drop until the last ones, the Generals, remain. The Generals, the so-called FAANG stocks, will be the last to fall. This will not play out over weeks but over months if not a year or longer.

It’s possible that there will be a cure for the virus in a few months and the economy will come back strong. I hope that happens for the world’s sake. But as long as the indexes are below the 200-day moving average, then it is too risky to go long.

If you are unable to devote the time to trade in a bear market or are frozen in fear, you have several choices. For example, you can hold what stocks or indexes you own until the worst is over. If you own excellent stocks, they may come back in the future. That’s what happened in 2008.

You can also move some or a portion of your money to cash (hopefully on rallies). And finally, you can trade, but trading a bear market is difficult, so trade small if you choose this route. I do not recommend shorting individual stocks if you are a beginner.

Bottom line: It’s a tug of war between an awful economy and the Fed. As a result, each day is a new surprise. If I am right and this is a true bear market, selling into rallies is the strategy of choice. Warning: This is not easy to do! Most important, follow the market. Right now, Mr. Market is confused and injured, so anything is possible. Please be careful out there.

Note: Futures are screaming higher on Sunday night. Let’s see how long the rally lasts. Remember, this is a four-day trading week.

Finally, this is worth reading: Lance Roberts, money manager at (realinvestmentadvice.com), gives an excellent analysis on how the odds are good this is a bear market: https://bit.ly/3aLhZ6H

___________________________________________________________

For daily results of multiple indicators, read Yardeni Research: https://goo.gl/eT3fzA

For insightful analysis of the stock market, read Lance Roberts:www.realinvestmentadvice.com

For insightful analysis of economic conditions, read Wolf Richter:www.wolfstreet.com


Bullish or Bearish? Week of March 30, 2020

Mid-term: S&P 500 is still well below its 200-day moving average = Bearish. The longer it remains below its 200-day MA, the more bearish it is for the stock market. Until SPX rallies back above, assume we are in a bear market.

One-month trend = Bearish. After a strong downtrend, SPX and the other indexes bounced back last week the fastest since 1931. Consider it a bear market rally until SPX rises above its 200-day moving average.

RSI: (S&P 500) @ 43.58 = Slightly oversold. The market could go in either direction this week so be careful.

MACD: MACD is below its Zero Line but rose slightly above its 9-day Signal Line) = Bearish to Neutral

Daily Intraday Volatility (VIX): 65.54 (Extremely High) = Volatility has skyrocketed as fears increased. Expect volatile trading days until panic and fear subsides.

Comment: It’s going to be another volatile week as the Fed’s infusion of capital into the market competes with bad news about the virus and economy. Even with the rally, we are still oversold (the crash was the fastest and strongest in history).

In a typical bear market, the markets will have a severe plunge like we just experienced, then rally strongly, followed by a longer, more severe pullback that can last months if not years. No one can predict if we will follow this model, but it’s possible.

Unfortunately, many people are still in denial, and are hoping we will return to the old time highs (one financial publication even proclaimed that the bear market was over). Don’t be surprised if we rally strongly on some days but be suspicious.

If you are trading or investing, you must be brutally honest. You may have noticed that many traders are “selling the rally,” which is typical in a bear market. In a bull market, investors and traders will “buy the dip,” but do the opposite in a bear market. Again, the bear market rally could continue into this week (it’s possible although the futures are lower on Sunday night).

Bottom line: No one can predict what is going to happen so all you can do is sit back and be ready for any scenario. With the virus taking up all of the news coverage, which will soon be followed by dreadful employment news, it’s going to be a struggle in the near future. Expect rough times before we see a light at the end of the tunnel.

Bottom line: These are difficult times for everyone. It’s distressing how quickly the economy collapsed, and how so many jobs were lost. I truly hope that the Fed knows what it is doing.

Read the excellent analysis below for a more detailed take on the future.

Sven Henrich (Northman Trader) on the future of the stock market: https://bit.ly/3acjfiH . Be sure to watch the video at the end of the commentary.

Lance Roberts, money manager at (realinvestmentadvice.com), on how the bear market may play out: https://bit.ly/33UPTmE

Finally, although the following video is not related to the stock market, it is worth watching (57 minutes). It’s from a New York doctor who tells exactly how to protect you and your family from the virus by following some basic rules. It will actually reduce your fears as he tells the facts.

___________________________________________________________

For daily results of multiple indicators, read Yardeni Research: https://goo.gl/eT3fzA

For insightful analysis of the stock market, read Lance Roberts:www.realinvestmentadvice.com

For insightful analysis of economic conditions, read Wolf Richter:www.wolfstreet.com


Bullish or Bearish? Week of March 23, 2020

Mid-term: S&P 500 is well below its 200-day moving average = Bearish. The longer it remains below its 200-day MA, the more bearish it is for the stock market. Until SPX rallies back, assume we are in a bear market.

One-month trend = Bearish. We are in a strong downtrend due to a pandemic, which has decimated our economy in the short-term.

RSI: (S&P 500) @ 31.57 = Extremely Oversold. Unfortunately, there is still room for the market to fall more before another dead-cat bounce.

MACD: MACD still in a free-fall. (MACD plunged below its Zero Line and plunged below its 9-day Signal Line) = Bearish

Daily Intraday Volatility (VIX): 60.54 (Extremely High) = Volatility has skyrocketed as fears increased. Expect volatile trading days until panic and fear subsides.

Comment: Futures are plunging again on Sunday night as investors watch their 401k profits disappear. Eventually, the selling stops and there’s a tradeable bottom. These are not easy times.

We are in uncharted territory as the virus takes a physical and financial toll on the world. Last week was particularly brutal, especially last Monday when the Dow fell by over 3,000 points. I’ve never seen numbers that large, which reflects the fear and panic many investors are feeling.

I can’t prove it but I believe a lot of the selling is due to forced liquidations and margin calls by hedge funds, at least five that blew up last week. From anecdotal evidence, it appears as if many buy and hold investors are sitting tight with their stocks and mutual funds, perhaps because they remember how quickly the market bounced back after 2008.

At this time, I do not know which model the market will follow. If it’s the 1987 bear market model, we will bounce back fairly quickly, within months. The 2008 bear market model was longer and more painful, but the market bounced back after a year or so. The worst case example is the 1929 crash and bear market. I truly hope we don’t follow that model, when the market not only crashed, but continued to fall for the next three years. No one can predict when the current market will “bounce back,” so until then, selling stocks on rallies is not a bad strategy (Lance Roberts has specific advice in the link below).

These are scary times but you must remain calm and clear-headed. Hopefully, you have a sizable amount in cash that will allow you to buy at the “bottom.” Do not be fooled into buying too early, however, as many have tried and failed. Trying to time the “dip” is nearly impossible, so be patient and wait to see how this plays out.

Unfortunately, we are in for rough times ahead in the coming days, weeks, and months. If you can afford it, it would not be wrong to sit this out and wait until the selling stops. Those who want to trade can find opportunities, but trade small.

Bottom line: No one can predict the future, especially during times like this. Your money can always be replaced, but not your lives. Take steps to protect you and your family. Once this virus is eradicated, and our economy is repaired, there should be excellent opportunities to buy stocks at low prices in the future.

Read the following pieces from two analysts who have been warning us of the dangers for months. They continue to give excellent advice:

Sven Henrich (Northman Trader) on stock market fears: https://bit.ly/3acjfiH

Lance Roberts, money manager at (realinvestmentadvice.com), on how the bear market will be with us for a while: https://bit.ly/2U9Fz6Y

___________________________________________________________

For daily results of multiple indicators, read Yardeni Research: https://goo.gl/eT3fzA

For insightful analysis of the stock market, read Lance Roberts:www.realinvestmentadvice.com

For insightful analysis of economic conditions, read Wolf Richter:www.wolfstreet.com