Bull Market Health and Portfolio Updates

March 10 2024, Update

Very quick update this week.

Starting from the indexes, last week we had:

• NASDAQ -1.17%

• SP500 -0.22%

• RSP (Equal weight SP500) +0.96%

The Nasdaq had an ugly close last Friday. Such a bar often indicates further downside. Let’s see.

Recently, I created a scorecard for myself to gauge the health of the market. Last week, my scorecard was at 100 out of 100 for the Nasdaq, S&P 500, and the Equal Weight S&P 500 (RSP).

This week, it dropped to 90/100 as the momentum indicator (MACD) began to show signs of deterioration: a warning sign. See below if you are curious about how I built it: