As early as February 23, almost 8 weeks ago from today, I have been cautioning readers of my x/Twitter page to stay defensive and to not buy stocks on the way down. I have been sharing the same message with Blue Chip Daily subscribers on a daily basis over the same time period. This was before the S&P 500 went on to drop by over 21% in that 8-week period.
I shared a message of being very defensive and patient, raising cash, not buying stocks on the way down, not being in a hurry to call the lows and to protect capital. These warning saved our subscribers and our public X page readers countless amounts of money.
Following 8 weeks of being cautious, my messaging changed on Sunday April 6, at the very lows of the Sunday overnight futures session, which may have marked the EXACT bottom for this pullback cycle.
APRIL 6
At the Sunday night lows, which may turn out to be the exact lows of this pullback cycle.
APRIL 6
I shared a similar message with Blue Chip Daily subscribers, on our members only X page, at the very low of the overnight markets, when it looked like the market could take another major leg lower.
…”For the most part, other than FEZ, I have sold all of what I plan to sell and am going to start to look for long term buy signals”.
APRIL 9, PRE-MARKET
I shared with Blue Chip Daily subscribers exactly what my plans were to buy if we were to get some type of major change in the tariff news cycle.
LESS THAN 5 HOURS LATER, NEAR 1:19 PM ET
The 90-day tariff pause was announced, I made two full size position buys (this information is available on our subscribers page).
SO FAR, OUR CAUTIONARY WARNINGS STARTED WITHIN 4 DAYS OF THE MARKET HIGHS AND OUR SHIFT TO AMORE CONSTRUCTIVE TONE WAS WITHIN 3 DAYS OF WHAT COUDL BE THE MARKET LOWS.
This remains to be seen.
THE KEY MESSAGE IS THAT OUR SUBSCIRBERS HAVE BEEN ALERTED CORRETLY EVERY STEP OF THE WAY.
In a market where it seems that all we have heard for the past 45 days is to “buy the dip”, our Chief Technical Strategist Larry Tentarelli has been emphasizing the need for patience and caution.
On TV, in the print media, on our subscribers page, and on his public X/Twitter page.
Larry has been actively investing in the markets since 1998 and has navigated through the 2000 dot.com bubble, the 2008 Great Financial Crisis, the 2020 COVID sell off and multiple other bear markets.
His 27 years of experience have been a steady guide for our readers, in volatile times.
