Market Direction Change Alert: It Did Not Last

It did not last, just 1 week and the market direction model has turned bearish again. As I indicated last week this market is not to be trusted. The technical Death Cross indicator occurred 3/30/20 and history shows investors this can be a big deal. For the 31 death crosses since the 1950’s 11 have resulted in a bear market approximately a 35%  probability. 

The good news is that the market is higher, on average, 1 year after a new Death Cross. Long-term investors should look for opportunities to buy and hold for at least 1 year. 

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
4/2/2020
Dow	21,413.44
Nasdaq	7,487.31
S&P 500	2,526.90