Bulls vs. Bears

S.T.A.Y.™ current position for Active portion of portfolio:  BUY – S.T.A.Y. Plus™ 
Battle between the Bulls and the Bears….Bulls holding on for now

On Thursday of last week the Bears staged the most significant battle of the year dropping the market by almost 2% all in one day.  Friday, the Bulls fought back to regain about half of that amount back but still leaving the market down for the week by about 1%.  It is still very possible that the market could soon experience some exhaustion from such an aggressive rally starting last fall and is either slowing down or in need of some correction.  If so, we are ready to take action if needed.   It has taken two years for the S&P500 to exceed that “line in the sand”.  This is a bullish sign, so we hope that this continues and is able to maintain above this level.  

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 represent 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)