Outlook May 24

Stocks went down all week long.

Red period continues this week, so we are likely to see even lower prices before we get a meaningful bounce (in early June according to the lunar cycles).
Stay out of stocks.
If we get another drop this week, then look for a short term bottom towards the end of the week.
That could serve to pick up some cheap bargains.
But I would continue to stay very careful in this market.

Good luck, Danny

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By Dan

Stock trader since 1986. Method based on proprietary indicators, seasonal patterns and moon cycles.

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