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Market Flattens...

5/28/2024

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

After a three-week correction from a four-month uptrend, the market has regained the three-week downturn.  However last week the market ended with virtually no net gain after 3 slightly upward days and two significant down days.  The market opened today with the same type of hesitation.  If the market is going to continue upward we are going to need to see a breakout that holds above the 5350 level before possibly proceeding on to new highs again.   Time will tell.
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​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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