‘Insanely Stupid’ To Chase Stocks As Economy Plunges?
Stocks Hug The Bullish Trend
As discussed previously in “The Cobra Effect,” we noted the market remained confined to its consolidation channel.
“Unfortunately, the market failed to hold its breakout, which keeps it within the defined trading range. The market did hold its rising bullish uptrend support trend line, which keeps the “bullish bias” to the market intact for now.”
That remained the case again this week and keeps our allocation models primarily on hold at the moment.
While the mark…