Just 53% of Stocks Now Trade Above their 200 Day Moving Average

With the recent correction in the stock market, the number of stocks trading above their long-term 200 day moving average has fallen sharply from 92% to 53%. Almost half of the US market is in a bearish downtrend. The markets need a strong recovery in April or a much deeper correction will unfold.

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The Active Asset Allocator was ahead of the curve. I cut the equity allocation back to 0% on 2nd March 2018. The strength of the next rally will determine the next move. Stay tuned.

To learn more about the services offered at Secure Investments, please contact me at brian@secureinvestments.ie or by phone at +353 86 821 5911.