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WALL STREET CRAPS STOCK MARKET STRATEGY MARCH 25, 2020

March 26th, 2020

craps front coverSTOCK MARKET STRATEGY FOR MARCH 25, 2020: The stock market made a bottom intraday on Monday after a prolonged decline steep decline. However, it only took two days for the short-term McClellan oscillators to become overbought. That would suggest that selling could return shortly and a test of the previous lows are in store for the end of the quarter next week.

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The stock market had a strong bounce from Monday’s lows, but could easily sell off again towards the end of the month/quarter. Since the general market is overbought, this may be a time to hold off on new buying with a decline possibly in store over the short-term.

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