I turned very defensive on February 23, 4 days off the recent highs and began to get very constructive, on April 6, at the current, at least near-term lows.
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 this same cautionary message in TV interviews with:
Fox Business Network
Schwab Network
Yahoo Finance
and the NYSE.
I also shared this cautionary message in print with:
CNBC
Bloomberg
and the New York Times, among others.
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 warnings 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, 6:22 PM
(On my public X/Twitter page)
At the Sunday night lows, which may turn out to be the exact lows of this pullback cycle.
APRIL 6, 6:11 PM
(On our subscribers only X/Twitter page)
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”.
START YOUR 30-DAY NO-RISK TRIAL TO BLUE CHIP DAILY
APRIL 9, PRE-MARKET, 8:46 AM
(On our subscribers only X/Twitter page)
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.
APRIL 9, LESS THAN 5 HOURS LATER, NEAR 1:19 PM ET
(On our subscribers only X/Twitter page)
The 90-day tariff pause was announced, I made two full size position buys. (One alert is below. All of our buys and sells are available on our subscribers page).
Blue Chip Daily subscribers have been informed correctly through this recent high volatility market cycle.
I updated my current market view for our subscribers today and that information will only be on our subscribers page, here.
