By Jeff Clark in Growth Stock Wire:
We kicked off the month of July with a brand new bear market.
On June 30, the monthly chart of the S&P 500 closed below its 20-month exponential moving average (EMA) – which signals a bear market and tells investors it's time to sell.
At the time, however, I cautioned stocks were wickedly oversold. The market usually bounces hard at the beginning of a bear market. So I figured we'd have a better selling opportunity in a month or so.
Well, it hasn't quite been a month, but now it's time to sell...
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