The share price of Johnson & Johnson and IBM traded to six-month lows and based on their most recent prices could easily trade to 52-week lows. The share price of Proctor & Gamble fell to a two year low.
The dozenth nail further increases the probability that the venerable Dow 30 composite index will not get back to its January 2018 all-time high for at least eight years. The likelihood that the new secular bear market was born in January 2018 has also increased. For more information about secular bulls and bears and why they last for a minimum of eight years see my February 2018, article “Bull DEAD, BEAR DOB 1/31/18: Expect Stock Market Decline of at Least 50%”. The video below provides details about the secular bull and secular bear markets that have occurred since 1802.
If you wish to remain in the markets until the significant correction begins or want to profit from trading the S&P 500’s triple leveraged short (SPXS) and long (SPXL) ETFs a subscription to the Bull & Bear Tracker is recommended. The Bull & Bear Tracker has a proprietary algorithm which tracks the market. For information about the Dollar/Yen which powers the Bull & Bear Tracker go to https://bullsnbears.com/usd-jpy-indicator/. To subscribe go to www.bullbeartracker.com.