S.T.A.Y.™ current position for Active portion of portfolio: CASH – S.T.A.Y. Plus™
The market has been in a definite downtrend since the high of 7/27/2023 and continued last week. The definition of a downtrend is lower lows and lower highs. This downtrend is most visible on the weekly and monthly charts below.
As was mentioned in previous weeks, we are in a “mountain road” market, and are still in an inverse positions in all of the STAY portfolios since 8/11/2023. We will stay in that position until our short-term indicators show otherwise.
This position may be for a few days or a few weeks as we will be operating off of our short-term indicators to make changes as needed in a timely fashion. We will keep you posted.
Weekly Chart with Fibonacci Retracement Percentages (from the all-time high)
Monthly Chart with Fibonacci Retracement Percentages (from the all-time high)