Last Daily Stock Market Update of 2023, The stock market closed down on the last trading day of the year. We are seeing negative divergence strengthening, which suggests a potential for a longer down cycle in the near future, possibly as early as next week. However, we don't predict the stock markets; we trade based on what the data tells us, not speculation or punditry. Our system, driven by pure mathematics, has consistently delivered impressive returns by taking emotion out of the equation. We never sell a stock because it seems high-priced. Markets are never wrong opinions often are.
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Premium members benefited from the recent rally. Since November 1st, the S&P 500 (SPY) rose from 422 to 475 to December 29th, a gain of 53 points. While nobody knows for sure how long or high the market can go, our Dynamic Support system helps us manage risk by placing stop-losses below key levels. Starting in 2024, we'll be tracking SPY points specifically.
Timing is everything, Knowing When to Buy & What Direction Gives You The Advantage. We are offering a free trial to our premium membership. Green up arrow is timing and the direction. Green line is our dynamic support level, a close below may end the upcycle.