Current position for Active portion of portfolio: SELL – S.T.A.Y. Plus™ Last week the market jumped over 2% with a high of 4488 closing the week below the high at 4409. This has pushed one of our monthly indicators to a positive and the other two very close (The S.T.A.Y. strategy requires that 2 of the 3 indicators be triggered to change from "buy" to "sell" or vice versa). So, this will be a very telling week to determine if last week’s high was truly a top of an intermediate rally in a bear market, or a breakout to a new bull market. Time will tell if this turns out to be an intermediate top in a continuing bear market or a breakout into a possible new BULL market. We will keep you posted. Weekly Chart with Fibonacci Retracement Percentages (from the all-time high Monthly Chart with Fibonacci Retracement Percentages (from the all-time high
Comments are closed.
|