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Jim Wyckoff

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Have the U.S. stock indexes bottomed out?

March 3, 2020 by Jim Wyckoff

Many are wondering if Monday’s big gains in the U.S. stock indexes point to market bottoms being in place. Maybe. A more solid clue that near-term market bottoms are in place in the stock indexes (or any other market that has been beaten down the past few weeks) would be two very strong up-days in a row, or a bullish weekly high close on a Friday. Also, it’s very likely that higher market volatility will resurface, and probably soon. The Covid-19 outbreak has moved on and off the front burner of the marketplace many times over the past couple months, and such will likely continue for the near term.

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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