Strategy Update (2024-02-07)

Market continues to hold up well above key moving averages which helps to keep the strategy on a green signal.

Market continues to hold up very well above key moving averages, pullbacks have been shallow and bought. It certainly contributes a lot that megacap names like META and NVDA continue to hold the indices, all of which helps to keep the strategy green.

Not much to do still but let the profits run until the indexes start to pullback more meaningfully and falter below key moving averages. Not a time either to get complacent, if we start to see some pressure becoming evident, the system will likely warns us and move to a red signal. Keep monitoring and subscribe to get updates via e-mail.