Good morning
There's a minor change to the Auto Tracker chart, it now shows full year participants only. For this week, 2/3rds of all members are in the G/S funds, while the Top-50 is all in on the S-fund. A member since 2011, Talking2jets is the only participant outperforming all funds (impressive). Also, the Top-50 is outperforming the entire board by over 2X both MTD & YTD (also impressive).
20230205-AT.png
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For the Day of Week chart, overall the 27/55 day stats are still below the 54% 21-year win ratio. Mondays have been the weakest with 8 of 11 closing down, but bear in mind (going back to December), there have been 3 holidays falling on a Monday, so to get 11 Mondays we have to go back further in time than the other days of the week.
20230205-DoW.png
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Here's a new chart with a different perspective. The S&P 500 is comprised of 503 holdings. By weight, the Top-50 make up 52% of the index. This chart tracks the Top-50's prices above & below the 10/50/100/200 day simple moving averages. My goal here is to look for warning signs for when the markets momentum has turned.
As of now, it looks healthy:
The Top-2 by 12% weight (Apple/Microsoft) are above all 4 moving averages.
The Top-5 by 18% weight are above the first 3 moving averages but below the 200 SMA.
20230205-T50.png
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