In summary, cash or a "core" bearish position should still be held, but these short-term counter-trend buy signals can also be traded.

"A number of funds have a 60/40 stock/bond allocation rule. Since their stocks got hammered, the 60% has shrunk so these funds will have to buy stock to keep up with their 60/40 allocation, so we could see yet another up day in the major averages before the end of the quarter which would further improve the odds for a short-sale position succeeding, though in this time of crisis, some analysts have said this rule may be lifted."

'In 2008 there were two 20% or better bear market rallies before the market bottomed. In between 2000-2003 there were four, and in 1987 there was just one and it marked the bottom. The Dow is currently up 22% of the lows. The first rally off the 1987 crash lows was 27%.'

Remember to check up by phone on elderly or vulnerable family, friends and neighbors who may need our help.

“To be clear, language like ‘Chinese virus’ is racist...” 
Is it ?
“Put away the race card and get with the last century of naming viruses and flus after their point of origin: West Nile Virus, Zika Virus, Ebola Virus, German Measles, Spanish Flu, Marburg Virus, Rocky Mountain Spotted Fever, Norovirus, Stockholm Syndrome, Lyme Disease” 

The market's main trend is down, so be short or be out, but we're closely watching for the market to get to the point where it can make a successful U turn, produce a short term buy signal and start an oversold rally.

SPY, quarterly view