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Market Achieves New All-Time High

5/20/2024

 
S.T.A.Y.™ current position for Active portion of portfolio:  BUY – S.T.A.Y. Plus™ 
Market Achieves New All-time high
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After three weeks of downturn that started in early April, the market has regained those losses and pushed above the previous all-time high. Currently the market is testing new all-time highs but with some hesitation. Time will tell. We will remain invested in the market with a keen eye towards a trend changes that may trigger a change in out position.

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)
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​Monthly S&P 500 Chart (with all-time hi shown)
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Disclaimer: past performance is not a guarantee of future performance. © Copyright - Advanced Financial Solutions, Inc.
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