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Upward Momentum Slowing

8/26/2024

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

Continuing to move upward with slowing momentum
Since the BUY signal was given on the 14th of August, the market has continued to move upward.  However, as it is approaching the previous highs it is experiencing some hesitation.  This slowing of momentum is quite common and may result in the market consolidating for a while at this level before making its next surge either up or down.  For now, our technical indicators are positive, so no action needing to be taken for the time being.  We will keep you posted.
​Weekly S&P 500 Chart (with all-time hi shown)
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​Monthly S&P 500 Chart (with all-time hi shown)
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