Special Bulletin: March 25th, 2019

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! ®