Market Status as of March 27
There is little change from a week ago. Market conditions remain bearish.
A timing indicator, constructed from the S&P 500 Bullish Percent Indicator, remains on a sell signal since mid-February.
This indicates that institutional selling pressure remains as stocks continue to struggle against an increasing supply. Â
The Value Line Arithmetic Index remains below its 30-week moving average. This is bearish.
The NYSE Bullish Percent remains below 50%. This is bearish.
Looking to the sectors, Real-Estate has now displaced Financials as the worse performing.
The Dividend Growth Portfolio remains mostly in cash since the portfolio inception on March 1. Â
Morningstar published a list, "Our Best Dividend Funds", on January 17, 2023. I have started to track those funds and construct an index of those funds to compare to. Â
All of the funds are either weakening or lagging behind the benchmark S&P 500.
I will continue to keep a defensive stance and patiently wait until the market shows demand. Â Â
