Weekend Sept 1, 2024
I am positioning a major stock index along with its bear equivalent in the main window, RSI top and PMO bottom.
First SPX in purple
RSI and PMO are tracing the bear fund SH.Looks like the MAs will cross to the upside in the next two weeks.
NDX and PSQ, the tech heavy NDX is falling first, none of the Magnificent Seven stocks are now at new highs. The MAs are much closer to a cross over.
We have four trading days this week due to Labor Day, this cross over will occur before SPX above.
HEDGE HEDG looks like a better fit to SPX than the Industrials so that is what I used.
Hedge never signaled a buy lately telling us it is a far more broad based bear fund than others.
And yes there is a mutual fund for your 401 K, Prudent Bear BEARX also seems to move opposite SPX
Here is a two year weekly look at Prudent Ber and SPX.
The weakest seasonal quarter of the year approaches, be patient.
Here is a two year look at Dollar General DG. The dollar stores were some big movers in their day. DG dropped 31% in one day this week on lowered expectations. Their income pressed shoppers simply are not buying as much. These sort of earthquake shocks will soon become much more prevalent in the market.
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