Contained Trading Range

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

Hesitating in a Trading Range

After a three-week correction from a four-month uptrend, the market has regained the three-week downturn.  However, for the last three weeks the market has been moving back and forth in a range from about 5200 to 5340.   If the market is going to continue upward, we are going to need to see a breakout that holds above the 5350 level before possibly proceeding on to new highs again.   Time will tell.

We will start showing our current position as the current short-term position and clients who are making changes in their 401k accounts can act accordingly just knowing that the positions from BUY to SELL may be happening more often than pre-2022 signals.
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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)