Today, September 23, 2022, the Dow Jones Industrial Average closed below its June low. The Dow is lower today than before the COVID-19 pandemic began.
These charts are best viewed full screen with an HD monitor.
Kirk's Dow MoJo Chart
Kirk's Dow vs. Oscillators Long-term Chart
Kirk's Dow vs. Oscillators Short-term Chart
Market Update
On an intraday basis, the Dow has given up all gains since it made a record high just before the pandemic began.
The S&P 500 has done a little bit better
Even though I've won many market timing awards, I'm not a big market timer... I do take profits when markets are setting records and have bought back shares near the lows of every major decline. This helps me "ratchet up my cash" so the portfolio is less volatile, holds gains and outperforms in the long-term from both this "timing" as well as individual stock selection.
Kirk's Explore Portfolio
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| Don't trust anyone who doesn't show drawdowns in their portfolios. Most people won't even show you their newsletter performance vs the S&P 500 over time for obvious reasons. |
Kirk Lindstrom's Investment Letter
To see what stocks and ETFs are on my buy list and what are my price targets:
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More Articles by Kirk Lindstrom:
- Using Asset Allocation to make money in a Flat Market
- Inflation Hot at 8.3% but Monthly Readings Much Lower with Energy Falling
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