The only sector with even a slight hint of positive signal is Consumer Staples. See Fidelity's chart below.
This is a stage 4 market, and per Stan, you don't invest in a stage 4 market. Go at your own risk.
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I read the tape, not the news!
Saturday, April 4, 2020
Stock Market Update: April 3 2020
Coronavirus aka COVID-19 continues to dominate the headlines and people's state and mind.
The only sector with even a slight hint of positive signal is Consumer Staples. See Fidelity's chart below.
Some interesting looking stocks within that group are KMB, PG, WDFC and of course CLX. Note, the only one of those above it's 30 week moving average line is Clorox. Walmart (WMT) is also looking good.
This is a stage 4 market, and per Stan, you don't invest in a stage 4 market. Go at your own risk.
The only sector with even a slight hint of positive signal is Consumer Staples. See Fidelity's chart below.
This is a stage 4 market, and per Stan, you don't invest in a stage 4 market. Go at your own risk.
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