Market Moving Up

S.T.A.Y.™ current position for Active portion of portfolio:  BUY – S.T.A.Y. Plus™ 
Market Continues to make Higher highs and Higher lows

Another new all-time high last week as the market continues its parabolic 45 degree angle upwards. We will continue to follow the trend until momentum is such that it creates a trend break.  So, a possible pivot is being watched for as the parabolic rise the market has experienced since November of 2023 is not sustainable long term.  It is very possible that the market could soon experience some exhaustion from such an aggressive rally starting last fall and is either slowing down or in need of some correction.  If so, we are ready to take action if needed.  

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 represent 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)

​Monthly S&P 500 Chart (with all-time hi shown)