Signal Update – 10-31-2023

The latest signal for S&P 500 is HOLD.

In the past 9 trading sessions, S&P 500 index has dropped from 4314.60 to 4193.80, a change of -2.8 percent. The index closed at the high of the period on Wednesday(10-18-2023) at 4314.60. It then dropped to the low of the period on Friday(10-27-2023) at 4117.37. We started the period with the all-cash position. A buy signal was triggered on Monday(10-23-2023). We purchased the index at the market close with the index price of 4217.04. A sell signal was triggered on Thursday(10-26-2023). We exited the position at the market close with the index price of 4137.23. A buy signal was triggered on Monday(10-30-2023). We purchased the index at the market close with the index price of 4166.82.

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