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April 2017 BSMWF Newsletter – 4/11/17

Since the last newsletter the stock market has been in a sideways consolidation with a slight downward bias. Because of the big run since last November this action seems both needed and reasonable. Volatility has been low so even a 1% move lower seems harsh but today the VIX broke out to the upside suggesting more Volatility (see below). We know that on average a 10% correction happens once a year even in bull markets and 5-10% corrections happen 2+ times a year. With the market hitting my minimum bull market objective of 2400 and with the recent drift lower, I decided to….click here to continue.