This week we broke below the February low and have entered a confirmed down trend. We’ll discuss defense in difficult markets, the damage on the charts and disciplined approaches to distinguishing counter trend rallies from market bottoms.
In this week’s video we’ll review a checklist for a market bottom and look for signs of bottoming or breaking down. We’ll look to the 2011 correction for striking similarities and clues about the late 2018 correction.
This week’s news offered headlines and head fakes that left investors disappointed and frightened and the S&P down over 4% for the week. In difficult markets, we need to make investment decisions based on reliable signals vs. anticipating outcomes. We’ll look at the yield curve, the correction and the market’s bottom line.