As pointed out in the Bullish Percent Indicator blog post earlier this morning, five of the eleven sectors are over-sold. I’ve selected the Gauss to show how I plan to implement this information after the market opens Monday morning. Next week I plan to check up on the other three Sector BPI portfolios as they […]
Archives for March 11, 2023
Rutherford Portfolio Review (Tranche 4): 10 March 2023
It was a brutal week in the US equity markets with stocks down ~5% on the week: This has taken us below the 200-day Simple Moving Average (SMA) and other potential support levels at ~3940 and back into the 1 SD downtrend channel that started at the bebinning of the year. This suggests a possible […]
Bullish Percent Indicators: 10 March 2023
Collapse of the Silicon Valley Bank, continuation of high inflation, strong employment numbers, and the threat of default on the debt limit all rattled the stock market this week. Two major indexes and four more sectors moved into the over-sold zone. Utilities (VPU) was already over-sold. Call this action the first move of the sector […]
You must be logged in to post a comment.