|Dow Ind Review|
The Dow Industrials' overall trend, revealed by trends of price, leverage, and time, are defined in the The Matrix for subscribers.
US stocks continue to struggling. Today's decline accelerated during/after the COVID-19 press conference that spoke in generalities rather than specifics about mitigation. It's likely the market is looking for a commitment to containment rather than generalities from a task forced organized for solutions. We know China (Wuhan), Italy, South Korea, and probably Iran have realized after some foot dragging that restricted movement is the only choice. A logical deduction is that the market will not rally until total commitment is shown. Anything less only increases the timeline and accelerates the selloff. Perhaps there's no turning back, or America's lack of commitment suggests a repeat of the foot-dragging mistake? We can only read the market and assume the rest. I would not assume much other than what the invisible hand is telling us.
Watch the Sentiment and VIX models. The market will not turn without them. Energy builds in leading markets such as the VIX, Nasdaq 100, and gold tells define intentions of the invisible hand and ignore opinion and politics. The Matrix will become an important timing tool when strong emotions cloud our judgement.
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