The stock market has officially fallen into correction mode today. As of 3pm the Dow is down nearly 600 points and the S&P 500 & Nasdaq are both down around 2.50% – 3.00%.
Our Current Market Outlook has changed to “Market in a Correction” and our light is now “red”. As noted in our post on (10/04/18), the markets internals were already weakening last week and the uptrend was under growing selling pressure. That selling pressure has followed thru this week and has triggered a 3rd stage sell-signal in our 3 stage sell process. In response, we have been increasing the cash levels in 5 of our strategies to current levels ranging from 30% to 100%, depending on the strategy’s objective.
What to do now?
As always feel free to contact
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.
©2018 Triumphant Portfolio Management, LLC.
Where Are Woodward and Bernstein When We Need Them? This article was written by Newt