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Slight Uptick, but Downtrend Intact

8/28/2023

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

The market has been in a definite downtrend since the high of 7/27/2023. This is most visible on the weekly chart below.

While the market had three consecutive down weeks since 7/27/2023, last week was slightly up, but not enough to make a meaningful difference in the downtrend. As was mentioned in previous weeks, we are in a “mountain road” market, and have taken an inverse positions in all of the STAY portfolios since 8/11/2023.  We will stay in that position until our short-term indicators show otherwise.

This position may be for a few days or a few weeks as we will be operating off of our short-term indicators to make changes as needed in a timely fashion.  We will keep you posted.
​Weekly Chart with Fibonacci Retracement Percentages (from the all-time high)
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Monthly Chart with Fibonacci Retracement Percentages (from the all-time high) ​
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S.T.A.Y. Plus™ - Balanced Portfolio Performance
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​​​​​S.T.A.Y. Plus™ - Aggressive Portfolio Performance
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Disclaimer: past performance is not a guarantee of future performance. © Copyright - Advanced Financial Solutions, Inc.
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