3/6/25 - Market still in ICU.
Recommended exposure remains at 0-20% and will not doubt remain so until an FTD.
Today the S&P undercut its recent low to end its attempted rally and the Naz barely avoided that fate. There few to no good growth stock setups. Many leaders from previous rally are under their 50dma. Defensive plays like GDX and Insurance companies reinforce the flow of money out of growth. Look for stocks with high RS to add to your watch lists. UBER has a nice cup with handle and has been trading pretty flat in the handle.
IBD:
Now is not the time to be raising exposure in growth stocks. Doing so would be fighting the current stock market trend. Instead, keep an eye on market leaders holding up relatively well
The Labor Department will release the February jobs report at 8:30 a.m.