Weekend ay 14, 2023
Again the strength of eight stocks has kept the NASD NDX very strong masking the weakness of other major indexes.Here is the S & P small cap which peaked in early ƒebruary as did these nest two.
The Dow COmposite includes Inudustrial, Transports and Utilities
Transports Lead and the lead is to the downside.
The last two are testing 200 day MAs and willl surely fal below them. Wee patiently await this to unfold.
It would be interesting to see the Intel briefing that Putin and Xi are getting on the US. Consider that once beautiful San Francisco is now more or less a shambles.
Hedge is a fund that advances when major indexes fall. Here is a weekly update. It is challenging its downtrend line. It has rallied since the February top shown in the first three charts above. .IT is attempting to overcome threee of its four MAs.
GOing back two years eight months the 200 week MA is at 36.68. ONe can see Hedge has ben bottoming since early 2021, the high for all stock indexes. It is just now challenging those indexes again, 2022 was not successful. THe three MAs are coming together which usuallypreceeds a change in trend.
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