It's official we have a new bearish alert. The stock market confirmed a correction Thursday and the bullish run lasted 12 weeks. The corona virus and the political election environment have finally derailed the stock market. 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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9/10/2020
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Dow
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27,534.60
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Nasdaq
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10,919.60
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S&P 500
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3,339.19
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