On Thursday 4/2/20 at 7:15 PM EST, our system dropped the highly bearish signal down to mildly bearish signal of -10. We explained to our readers that it was time to scale out of short positions. This came ahead of the weekend.
Updates 7:15 PM EST - Thursday 4/2/20
SIGNAL: -10 (mildly bearish)
Maximum bearishness is -55. Maximum bullishness is +55. Zero is neutral.
Earlier today, we wrote:
We may scale out of the short positions if the signal becomes a lot more positive, and reaches -10 or more positive (ex: -7 or -3 etc.).
This is what we did after hours, once we posted at 6:22 PM EST.
We scaled out of some of our short positions.
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