Stocks Surge On March 24, But Not Out Of The Danger Zone Yet

By Michael J. Kramer of Mott Capital Management

Founder/CEO at Mott Capital Management, LLC • Mar 24, 2020 at 9:21 AM EDT

Stocks are rising on March 24, but are not out of the danger zone yet as they still face a significant downtrend.

S&P 500 (SPY)

S&P 500, spy

Disclaimer:

This article is my opinion and expresses my views. Those views can change at a moment's notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly, and I do not trade my account on the stocks spoken of in this column unless fully disclosed.
Additional Disclaimer: Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future results.