Judging by today's trading it will take approximately another year to finally reach the objective put forward last week...
The "you are here" marker hasn't moved...
This is not to say a "like from like" second wave is a virtual certainty, as technical weakness by some measures only grew today.
Suddenly, the market's technical condition bears similarity to late-April. However the present state of things appears notably weaker. Of course, this is rather fitting considering what's in store.
Nevertheless, a bounce still seems in order here.
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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.
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