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, the last two weeks have been up and retraced approximately two-thirds of the down. The last three trading days have produce no significant changes up or down. As was mentioned in previous weeks, we are in a “mountain road” market, and are still in 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)
Monthly Chart with Fibonacci Retracement Percentages (from the all-time high)