The stock market confirmed a correction today. We had a very nice bullish run for the last 19 weeks. The trade war with China has finally affected the stock market. There are other geopolitical issues as well that are creating uncertainty too. Keep your eye on impeachment of President Trump and the administration stance with Iran. This is not an environment to take new long positions now. Don't fight the tape.
Our proprietary model has turned BEARISH our recommendation is to go SHORT the stock market at this time. The current closing numbers of the indexes for this recommendation are:
Stock Market Closing Numbers
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5/23/2019
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Dow
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25,490.47
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Nasdaq
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7,628.28
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S&P 500
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2,822.24
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