Back Into Equities

S.T.A.Y.™ current position for Active portion of portfolio:  BUY – S.T.A.Y. Plus™ 
​Indicators move back to a bullish indication.

Last month we made a precautionary move to money-market-like  position.  Our move to cash was not to a 0% cash, rather it was a move to our short term maturity bonds that have been yielding an annualized 5% - 6% return. We were waiting it out in this position while the market was making a determination as to whether this minor correction is a temporary adjustment to the uptrend, or something more. The market appears to have established a support level around 5000 on the S&P500 and appears to be wanting to continue the uptrend.  This is what we had hoped for, but we waited in a safe position to see if that proved to be the case or not.  The market can have a notion to change its mind, but for the time being the indicators are supporting a "BUY" signal.  So, we will stay in that position until our indicators show otherwise.

By way of review, you can see that we have included two different charts. One is a "Weekly" chart of the S&P 500 index (AKA "the market"), and the other is a "Monthly" chart of the S&P 500 index. Each bar represents the aggregation of either a week or a month's activity. The top of the red bars represents the opening price and the bottom of the red bar represents the closing price of the market in that corresponding time frame. The green bars are just the opposite; top is the closing price, and bottom is the opening price. The wicks on the top and bottom represent any trading in that period that is outside of the opening and closing bounds. 

We include these charts so that you can see what the market is doing with some greater context. Feel free to hit us up with any questions on how to read these charts.

​Weekly S&P 500 Chart (with all-time hi shown)

​Monthly S&P 500 Chart (with all-time hi shown)