What does it mean for our Investments?
- Mutual Funds - You should have exited market when we got our SELL signal but if you are still invested then take this bounce opportunity to exit the market. The opportunity might be months away and may NOT make it to these levels. You can park your money into liquid Funds or invest in debt/bond funds.
- Stocks - Its wise to stay out of this market until we get clear direction. Existing positions should be protected by having strict STOP LIMIT in place. New positions should not be opened unless the pattern is very convincing and always have a STOP LIMIT.
Market remains volatile and in correction for now...