Darwin 2026 Portfolio Review: 2 July 2026

Taking the toddlers on a training run.

This week saw a bounce off the 50-period Exponential Moving Average (EMA) line and a continuation of the bullish trend for US Equities as prices remain in a 4-month uptrend channel in the SPX (S&P 500 Index):

The index closed the trade shortened week ~1.6% higher than last week’s close and around the 7500 level that has proven to provide strong resistance over the past 2 months. We will wait to see whether it may do so again in the next week.

Compared to othe major asset classes:

US Equities fared well – far better than International Equities – being outshone only be Gold (IAU).

On Tuesday I sold my positions in SCHF (Developed Market Equities) and TLT (US Treasuries):

as negative signals were generated in the analysis sheet that now looks like this:

with a Buy recommendation only for VNQ (US Real Estate) – that is the only ETF currently held in the portfolio. International Equities maintain positive long term momentum but negative acceleration and weak/mixed signals from the short term indicators (MACD and RSI).

Performance of the Portfolio to date looks like this:

presently in a sideways consolidation mode (that is not conducive to generating good results from momentum trading signals) so I am in no hurry to open new positions until the picture becomes a little clearer.