S.T.A.Y.™ current position for Active portion of portfolio: CASH – S.T.A.Y. Plus™ The market retrace has extended, however it is showing some hesitation as intra-day on Friday reached the high of 7/27 and then closed below it. However, as you can see in the weekly chart, the market has now retraced the entire decent from the recent high of 7/27/2023. It appears that last week the market may have reached an intermediate top, time will tell. Also mentioned in previous weeks, we are in a “mountain road” market, therefore we have taken an inverse position on 8/11/2023. We will stay in that position until our shorter-term indicators show otherwise. This position 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. 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.™ current position for Active portion of portfolio: CASH – S.T.A.Y. Plus™ In the last week, the market retrace has extended slightly, however it is showing hesitation and has not exceeded the high of 7/27. As you can see in the weekly chart, the retracement has retraced about 90% of the decent from the recent high of 7/27/2023. It appears that last week the market may have reached an intermediate top, time will tell. Also mentioned in previous weeks, we are in a “mountain road” market, therefore we have taken an inverse position on 8/11/2023. We will stay in that position until our shorter-term indicators show otherwise. This position 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. 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.™ current position for Active portion of portfolio: CASH – S.T.A.Y. Plus™ The market retrace has extended, but has not exceeded the high of 7/27. Stated another way, the market has re-gained much of what has been lost since the high on 7/27, however, the retracement has been about 80% of the decent from the recent high from 7/27/2023. You can see this visually on the weekly chart below by looking at the last four weeks (four green bars on the right). It appears that last week the market may have reached an intermediate top (meaning that it may be ready to continue on the downward trend), time will tell. Also mentioned in previous weeks, we are in a “mountain road” market, therefore we have taken an inverse position on 8/11/2023. We will stay in that position until our shorter-term indicators show otherwise. This position 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. 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.™ current position for Active portion of portfolio: CASH – S.T.A.Y. Plus™ The market retrace has extended, but has not exceeded the high of 7/27. As you may remember, we invested inverse to the market in early August and made money as the market dropped substantially. The market has rebounded but has not reached the level of where we invested inversely. As you can see in the weekly chart, the retracement has been about 75% of the decent from the recent high of 7/27/2023. Also mentioned in previous weeks, we are in a “mountain road” market, therefore we have taken an inverse position on 8/11/2023. We will stay in that position until our shorter-term indicators show otherwise. This position 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. 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.™ current position for Active portion of portfolio: CASH – S.T.A.Y. Plus™ The market retraced the last two weeks of gains. As was mentioned the week before last “…Likely we should expect some upward retracement of this rapid downward movement which will likely happen this week.”. However, as you can see in the weekly chart, we still have Lower Lows and Lower Highs since the recent high of 7/27/2023 which have created lows that have wiped out of all last summer’s gains. Also mentioned in previous weeks, we are in a “mountain road” market, therefore we have taken an inverse position on 8/11/2023. We will stay in that position until our shorter-term indicators show otherwise. This position 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. 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.™ current position for Active portion of portfolio: CASH – S.T.A.Y. Plus™ The market retraced most of the last two weeks of gains. As was mentioned last week “…Likely we should expect some upward retracement of this rapid downward movement which will likely happen this week.”. However, as you can see in the weekly chart, we still have Lower Lows and Lower Highs since the recent high of 7/27/2023 which have created lows that have wiped out of all last summer’s gains. Also mentioned in previous weeks, we are in a “mountain road” market, therefore we have taken an inverse position on 8/11/2023. We will stay in that position until our shorter-term indicators show otherwise. This position 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. 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.™ current position for Active portion of portfolio: CASH – S.T.A.Y. Plus™ Lower Lows and Lower Highs. Market continues in a definite downtrend since high of 7/27/2023. Last week ended with another large loss of about 2 ½% for the week. Since July, there still have been nine down weeks out of thirteen following the high of 7/27/2023 which have created new lows and wiped out of all last summer’s gains. Likely we should expect some upward retracement of this rapid downward movement which will likely happen this week. However, as was mentioned in previous weeks, we are in a “mountain road” market, therefore we have taken an inverse position on 8/11/2023. We will stay in that position until our shorter-term indicators show otherwise. This position 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. 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.™ current position for Active portion of portfolio: CASH – S.T.A.Y. Plus™ Lower Lows and Lower Highs. Market continues in a definite downtrend since high of 7/27/2023. Last week the S&P 500 ended with a large loss of about 2½% for the week. Since July, there have been eight down weeks out of twelve following the high of 7/27/2023, which has created new lows in the S&P 500. As was mentioned in previous weeks, we are in a “mountain road” market, therefore we took an inverse position on 8/11/2023. The positive results of taking an inverse position are shown in the "3 month" charts below. We will stay in an inverse position until our shorter-term indicators show otherwise. This position 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. 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.™ current position for Active portion of portfolio: CASH – S.T.A.Y. Plus™ Market continues in a definite downtrend since high of 7/27/2023. Last week ended with a slight positive retracement of some of the previous downtrend. However, there still have been seven down weeks out of eleven following the high of 7/27/2023 which have created new lows and wiped out of all last summer’s gains. As was mentioned in previous weeks, we are in a “mountain road” market, therefore we have taken an inverse position on 8/11/2023. We will stay in that position until our shorter-term indicators show otherwise. This position 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. Weekly Chart with Fibonacci Retracement Percentages (from the all-time high) Monthly Chart with Fibonacci Retracement Percentages (from the all-time high)
S.T.A.Y.™ current position for Active portion of portfolio: CASH – S.T.A.Y. Plus™ Market continues in a definite downtrend since high of 7/27/2023. Last week made a lower low from the 27th high and then ended the week positive retracing some of the previous downtrend (see the candle stick to the far right of the weekly chart below). However, there still have been seven down weeks out of ten following the high of 7/27/2023 which have created new lows and wiped out of all last summer’s gains. As was mentioned in previous weeks, we are in a “mountain road” market, therefore we have taken an inverse position on 8/11/2023. We will stay in that position until our shorter-term indicators show otherwise. This position 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. Weekly Chart with Fibonacci Retracement Percentages (from the all-time high) Monthly Chart with Fibonacci Retracement Percentages (from the all-time high)
|