Inching Higher

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

Cautious Optimism Continues

Last week the S&P500 made another modest gain of about ½% and established another new high of 5505.  The market ended the week with a couple of slightly down days as it starts to “catch its breath” from what seems to be a slightly overextended rally.  Although we remain cautiously optimistic, technically we have a series of higher highs and higher lows since November of 2023.  So, the bullish uptrend continues to be well intact. 

If you look at the charts, you will notice that last week the market continued upward again for the 3rd week in a row. In the last 9 weeks, 7 have been gainers, and one of the two down weeks was essentially neutral, making this a fairly steady upward trend. On the monthly chart, April has been the only down month since last October. The market isn't showing any signs of changing it's trajectory at the moment, however, things can change rapidly. We will continue to monitor it and stay invested until there is a material change.

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

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