... usually referring to our "WHAT DOES CORONVIRUS MEAN FOR YOUR STOCK INVESTMENTS?" article of February 25, 2020:
"WHEN IN DOUBT GET OUT!
"Our GREENMARK 101 algorithm flashed three major sell signals on February 7th, 12th and 20th respectively for "across-the-board selling of-long position, except gold stocks."
"(Data on these events were available by emailing this site or firstname.lastname@example.org)
"Global financial markets saw some of the sharpest falls in years on after a rise in coronavirus cases renewed fears about economic slowdown. In the US, S&P 500 posted their sharpest daily declines since 2018.
"Use S&P 2922 as interim support, if declines key near-term support is S&P 2613. Use these numbers to determine exit points. (emphasis added)
"In contrast, the price of gold, which is considered less risky, hit its highest level in seven years at one point." (emphasis added)
To save time and other resources answering each email and phone inquires, here's what GREENMARK 101 algorithm is saying:
$SPX 1/ 2910 will be defended during the near term. Once breatched, $SPX wull trade to 2179 witin eight months as COVID 19 runs its source.
BUY SPXS 2/
BUY IAU 3/
1/ The S&P 500 stock market index, maintained by S&P Dow Jones Indices, comprises 505 common stocks issued by 500 large-cap companies and traded on American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average), and covers about 80 percent of the American equity market by capitalization.
2/ The Direxion Daily S&P 500® Bear 3X Shares seeks daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500® Index.
3/ The iShares Gold Trust (the 'Trust') seeks to reflect generally the performance of the price of gold.