Sorry, Major Trend Index Shifts Back To "Negative"

After ten weeks of borderline "Neutral” readings, our weight of the evidence Major Trend Index shifted back down into the "NEGATIVE" zone with the March 1 calculation. So what did the market do the next day? It scored a 45 point gain in the DJIA, with the other market averages up a little more than 1%. At this point, with the Index back in "Negative” territory, we will probably do more defensive selling if this new surge carries significantly higher.