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Market Cools Off

8/7/2023

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

Since the high of July 27th, we have had two lower highs and two lower lows. So far that has established a short-term downtrend that has wiped out the market gains of the last 2 ½ weeks. If this pattern persists, we could very soon be re-engaging the SELL signal and taking an inverse position again on the market. On the other hand, if the market reverses here and surpasses the last high and continues making higher highs and higher lows, the opposite will happen and the BUY signal would be executed. The technical analysis at this points tend to favor the re-engaging of a SELL signal, however only time will tell.
​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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Disclaimer: past performance is not a guarantee of future performance. © Copyright - Advanced Financial Solutions, Inc.
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