Lions and friends.
Looking at the MMRI, and I continue to get questions about it, the MMRI is a stock market risk indicator… IT IS NOT IN ANY WAY A MARKET CRASH INDICATOR.
The higher the MMRI goes, the more inherent risk there is in holding equities/stocks.
Keep in mind that more risk is a double edged sword meaning, more risk also means more potential reward.
If you are a trader/investor with a low risk tolerance, then the higher the MMRI, the less you should expose yourself to risk assets/stocks.
If you are a person with a high risk tolerance, then the higher the MMRI goes, (within reason), the MORE you should expose yourself to to risk assets/stocks.
If you look at the ranges of the MMRI color codes, (see below) it is easy to gauge risk.
Currently the MMRI is YELLOW.
I would STRONGLY suggest following the MMRI on a daily basis- it is FREE for everyone and can be found right on my website.
Click HERE: https://traderschoice.net/about-traders-choice/
Modified version of the MMRI hit 171 recently which is higher than 2008 financial crisis' high of 169
I check the MMRI every day, several times a day.
Thank you Greg !