Does this mean the bull market is over?
My suspicion is that it hasn't meant that at all, especially considering how well stocks all over the world have done, how only 2 US Sectors fell in Q1, of the 11. And Copper is holding in nicely.
The weight of the evidence has suggested that this is a rotation out of U.S. growth thing and not some massive global credit event.
But I'm open to all possibilities.
For now, the U.S. is still 0 for 3, as we've discussed. None of the major 3 indexes are above their key levels.
Until that changes, the risk for these indexes is sideways to down.
The ability for these indexes to reclaim those levels is an essential component to take this bull market to the next level.
That could take time. Or it could happen this month.
In the meantime, I think we stick with the opportunities that are working.
I outlined my favorite trades here that have little or nothing to do with where the U.S. indexes are relative to our key levels.
Check that out and let me know if you have any questions.
Don't forget to go for a walk in the beach and jump in the ocean. It's great!
- JC
