After a bounce on Thursday, the market selloff accelerated on Friday as the Nasdaq closed down nearly 4% to finish the month down a whopping 13%. That’s one of the worst months ever for the index. It’s still best to maintain a high percentage of cash as I’ve been signaling since the 4/3 issue. There just hasn’t been a whole lot to do lately outside of updating watchlists, as there haven’t been many stocks setting up constructive patterns for several weeks. This alone has served as an excellent indicator of market health.
The Next Market Leaders - 5/1
The Next Market Leaders - 5/1
The Next Market Leaders - 5/1
After a bounce on Thursday, the market selloff accelerated on Friday as the Nasdaq closed down nearly 4% to finish the month down a whopping 13%. That’s one of the worst months ever for the index. It’s still best to maintain a high percentage of cash as I’ve been signaling since the 4/3 issue. There just hasn’t been a whole lot to do lately outside of updating watchlists, as there haven’t been many stocks setting up constructive patterns for several weeks. This alone has served as an excellent indicator of market health.