Good Monday morning. Following a 527 point loss in the Dow Jones on Thursday, futures are lower on each US index by more than 1% this AM. The VRA Investing System now sits at 5/12 screens bullish…still in a confirmed sell signal…as the bear market rolls on, full of death crosses and 200 dma's that are rolling over (and picking up speed), even as investor sentiment has reached such ridiculously extreme levels that one would think we almost have to have solid rallies nearing. At the same time, each US index (and leading sectors) currently sits at neither overbought or oversold…they’re smack in the middle of our VRA momentum oscillators. In other words, mass confusion abounds.

Our read continues to be that one man controls the (very) short term; the President, who appears highly confident that he can reverse the markets higher with positive releases about nearing trade/tariff deals. Again, in the short term, he’s exactly right. That’s been the clear pattern. We also know (from multiple...