Our light remains green… barely! Today a second of our “core 4” internal indicators went “yellow” and created a 1st-stage sell signal. A third of the “core 4” is at a tipping point. For the second time this month the stock market status is on the verge of slipping to an official yellow light, which would cause a change in our Current Market Outlook to uptrend under pressure. Just over 2 weeks ago the market caught itself and avoided a C.M.O. status downgrade and extended its burgeoning rally deeper into March.
The rally is at an important juncture. There is enough of a upward bias at the end of the quarter with “window dressing” pressure, as well as first day of the month in-flows (next Monday), to possibly stave off additional weakness this week. However, a high-volume price decline that breaks below and closes under the 21 day moving average over the next few days would tip the scale and trigger a 2nd-stage sell signal and cause an immediate downgrade. Stay alert!
Have a Triumphant day! ®
The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice. ©2019 Triumphant Portfolio Management, LLC.