Pause for Now

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

It looks like a PAUSE instead of a PIVOT (for now) ...

Last week saw  about a 1 ½ % gain, breaking it out of the pause that it seemed to be in for the last two weeks.  Technically the market continues in an uptrend however it still appears that the last two weeks the market was “catching its breath”.  However, a possible pivot is being watched for as the parabolic rise the market has experienced since November of 2023 is not sustainable in the long term.  So, 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. 

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)