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Lower Weekly Low

10/9/2023

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

Market continues in a definite downtrend since high of 7/27/2023.
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Last week made a lower low from the 27th high and then ended the week positive retracing some of the previous downtrend (see the candle stick to the far right of the weekly chart below).  However, there still have been seven down weeks out of ten following the high of 7/27/2023 which have created new lows and wiped out of all last summer’s gains.  As was mentioned in previous weeks, we are in a “mountain road” market, therefore we have taken an inverse position on 8/11/2023.  We will stay in that position until our shorter-term indicators show otherwise.
This position may be for a few days or a few weeks as we will be operating off of our shorter-term indicators to make changes as needed in a timelier fashion.  We will keep you posted.
​Weekly Chart with Fibonacci Retracement Percentages (from the all-time high)
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​Monthly Chart with Fibonacci Retracement Percentages (from the all-time high)
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​​​S.T.A.Y. Plus™ - Balanced Portfolio Performance
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​​S.T.A.Y. Plus™ - Aggressive Portfolio Performance
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