Is This Bear Market Rally Over?

Is This Bear Market Rally Over?

The gap lower open on Wednesday knocked the major averages to their lows for the week.. The latest survey from the American Association of Individual Investors also had some conflicting results.. Two ways to interpret the sentiment divergences are to expect a sharp drop in the Bullish% as the market declines even further.. The possibility is consistent with my analysis of past bear market rallies , which suggests that these rallies can have several phases that help to reassure investors prior to another decline.. The weekly S&P 500 Advance/Decline line dropped below its weighted moving average (WMA) on February 28 and declined further this week.. There are no signs that the market has formed a sustainable bottom.. In my Viper ETF Report and the Viper Hot Stocks Report , I update subscribers with my market analysis at least twice a week, and more often when the markets are volatile.. I began analyzing the financial markets in 1982 when I became the research director for a financial advisory firm and provided regular market analysis on stocks, commodities, currencies and mutual funds.. Much of my focus was on how obscure technical indicators or