In the last update on Wednesday I said it was time to take a definitive view on the outlook for a softer/ lower stock market into the month end. The market thus far made the high Wednesday morning. Would love to see a 2%+ down day between now and the end of April. If we don’t get one, then it may prove that the market is not yet ready for a more serious decline.
Stocks I have outlined here are AAPL at 165. ARKK at 39. And the IWM index at 177.50. All of those are pretty similar levels as I write this. Still like them all to go lower. We are in the midst of earnings season and that will definitely be a factor.