Mohacsy's Safe Portfolio Member Forum

[santafe2]

Back from a weekend trip to LA to visit with friends and family before we head east. The SPX is down below its 50 day MA for the first time since March. Since all of the irrational exuberance occurred in June and July and the 200 day MA is well below the 50 I don't see a signal that the market is headed for an immediate retrace. PPO, (the 2nd section of the chart), signaled a downturn in July well before the downturn began. For me this is the technical signal to watch as RSI, (at the top) and VIX, (at the bottom) are not showing any severe signs of trouble. I suspect the market will remain weak during the traditionally weak September and October months. If so I'll begin doing some buying again. As CD's mature I'm moving money into Treasuries as we may be entering a period where a very volatile week offers some serious bargains and as always Ms. Market is not showing her cards.

I rented a Tesla Model 3 while in LA. Decent car to rent but I would not buy one. Very mediocre mapping app and no support for Apple Carplay - That's a non-starter for me. That said, Tesla is the people's car of Los Angeles. You can't drive a block without seeing one.