Portfolios Shifted

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

The market broke out and penetrated through the previous high of 7/27 earlier this week.  This is a major bullish breakout. Last  Friday intra-day it exceeded the high of 7/27 and then hesitated, closing below it.  However, on Monday and Tuesday it closed above the 7/27 high confirming the breakout at least for the short term.  On Wednesday we eliminated the inverse positions and today we have entered into a long position in line with a rising market.

So instead of an intermediate top in a Bear market, the market now has taken on some bullish possibilities.  Therefore, we are getting in line with what the market is doing.

Also mentioned in previous weeks, we are in a “mountain road” market, therefore we took an inverse position on 8/11/2023.  We stayed in that position until our shorter-term indicators showed otherwise this week.  Now we have more or less made a round trip, except with this breakout, we have eliminated the inverse positions and gone with the market.

This new long position (terminology for going with the upward trajectory of the market), may be for a few days or a few weeks as we will be operating off of our shorter-term indicators to make changes as needed in a timelier fashion.  We will keep you posted.  If this new signal shows to be a successful breakout, we will change the longer term signal from CASH to a BUY. For those self-managing their 401k accounts, remain in a "CASH" position until the long-term signal has a confirmed "BUY". 

​Weekly S&P 500 Chart with Fibonacci Retracement Percentages (from the all-time high)

​Monthly S&P 500 Chart with Fibonacci Retracement Percentages (from the all-time high)

​​S.T.A.Y. Plus™ -  Balanced Portfolio Performance

​​S.T.A.Y. Plus™ -  Aggressive Portfolio Performance