Current position for Active portion of portfolio: SELL – S.T.A.Y. Plus™
So far today (1/23/2023), the market is breaking through the long term downtrend line to the upside. The question is will this be a successful breakout or a failed breakout. Only time will tell if it is able to close and hold above this 12 month long downtrend line. The downtrend line is coming in to today at about 4010 and the high today so far is 4033 which is about ½% above the yearlong trendline. We will keep an eye on this and keep you posted.
Check out the updated charts below and continue scrolling down to review reports from previous weeks.
Revisit the "Market Quiz" post to see how our current situation compares to the build up and crash of 2007 & 2008 by clicking HERE.