Stock Markets around the World continue to fall. The Federal Reserve Bank and the U.S. Congress are doing their best to calm financial markets with fiscal and monetary stimulus. Thus far, Congressional leaders have struggled to reach a deal on a stimulus package. And, in an unprecedented move, the Federal Reserve has announced a 'whatever-it-takes' pledge to keep the U.S. economy afloat. Our Price-Trends-Research has weakened further, as both the U.S. and International Stock Markets are each trending more than 20% below their Long-Term (200-day) price trend averages.
Our 'Strength of the Market' view remains: Weak