Caution Mode ...

S.T.A.Y.™ current position for Active portion of portfolio:  BUY – S.T.A.Y. Plus™

Last week we commented that since the "BUY" signal of July 14th the market had continued its upward movement, however with the development of slowing momentum.  This week, the market has made a fairly significant adjustment downward as of the Wednesday close, about a 2% drop.  This has put our indicators into a caution mode, which could be followed by a "SELL" signal if there is more selling pressure, or it could resume the uptrend after catching its breath by means of a minor correction.  Only time will tell, and we are prepared to take action if needed based on the results that the market brings us.

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

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