The March Madness Continues Into April

Approaching Bear Market Territory-

The market has dropped 17.5% from the high of Feb 19th, to the Low of April 4th, Last Friday. A -20% is the traditional definition of a "bear market".  We have been in a CASH position with Money Market and low risk funds since March 6th.  Because of a higher risk of whipsaw (rapid reversal of the market), we have not gone into an inverse position, but rather, we are conserving capital. Avoiding market crashes remains our top priority.  Until this “rip tide” of selling settles out and the market finds an intermediate bottom, we will wait for our signal to show signs of recovery and proceed accordingly.

Weekly S&P 500 Chart (with all-time hi shown)

Monthly S&P 500 Chart (with all-time hi shown)