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•Overwhelming evidence favors beginning of a Bear Market. This means stocks will very likely start to make series of lower lows and lower highs – SPY, QQQ, DIA, IWM
•Vast majority of stocks move in lockstep.
•Avoid buying stocks during Bear Markets
•As Central Banks and governments unleash various “monetary and policy bazookas”, traders should consider shorting at specific resistance levels, while long-term investors should consider exiting their positions, even at a loss.
•Exchanges around the world could close, as they did in 1914 – start of World War I
•“… it may have taken me to 89 years of age to throw this one into the experience.” – Warren Buffett called the recent market shock “a one-two punch” with coronavirus and the plunge in oil prices
•All stock Sectors are now bearish – XLK, XLY, XLF, XLI, XLP, XLC, XLE, XLB, IYR, XLU
Vast majority of countries bearish. Emerging Markets, Japan, Europe
•Traders! Exit at your stop, otherwise losses could become huge! – Chevron, Boeing
•Looking at the bond markets as they become the next domino in a deflationary spiral – Junk bonds, Muni bonds, Corporate bonds
•No need to lower the interest rate yet, but Fed will likely anyway. – TLT, IEF, BSV
• Wild gyrations in the currency markets, as Euro wipes out gains – DXY, EURUSD
•Recent falling Japanese Yen worries precious metal holders – USDJPY, Gold, Silver
•Oil collapse – CL1!
MasterChartsTrading robot trader nails a 56% move on Bitcoin. Congrats to the Bot! – BTCUSD
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