TWELVE o’clock TUESDAY – 3/10/2020 Stock Market Report
Bearish … rating of 2 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish).
I am more bearish because I believe this downtrend may last a while longer. Today begins the third week since HWM began reducing portfolio risk, first about 40% out, then 100% out. This is one way our strategies protect your principal and allow for profitable growth when the selloff concludes.
If we buy stocks as the downtrend ends, we will have a chance to make real profits as the market and economy recovers. Compare this with other strategies that hold onto stocks as they go down, and as they go back up, with no real profits during the swings.
TV moderators said Monday morning opening prices were the worse since 9-1-1. However, it did not seem like a concluding event to me. So, the presumption for now is that the market will continue downward after a short relief rally.
It’s sad that so many people die each year from the common flu virus – about 46,000 Americans this year. In addition, the coronavirus has killed about 3-3.5% of the exposed population this year – about 4,000 worldwide.
For more information, visit http://www.defensiveadvisor.com
Opinions voiced in this post are for general information only and are not intended to provide specific advice or recommendations for any individual, without complete knowledge of that individual’s total financial profile. No strategy assures success or protects against loss.