It's official we have a new bearish alert. The stock market confirmed a correction. The corona virus and volatility continue to derailed the stock market. There are other geopolitical issues as well that are creating uncertainty too. 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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5/14/2020
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Dow
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23,625.34
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Nasdaq
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8,943.72
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S&P 500
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2,852.50
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