Some S&P stocks could close month below 200 weekly average

As February draws to a close today, markets have taken a swift and decisive beating. Some stocks that comprise the S&P index look (Boeing, Cisco, etc.) look like they could close below the 200-period weekly moving average (MA), coloring them bearish. The S&P is currently at or near Support 1 (S1). With some stocks pinned below the weekly MA, index recovery prospects seem modest at best. Bond prices have been bid up, making bond returns comparatively low. The desired outlook for March is if prices make back some of the losses. Recovering 50% of losses by mid-June would be ideal. But it is still a good idea to hedge against uncertainty brought about by the shakedown.