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The Triumphant Core Four

NYSE Internals
Moving Averages
Professional Selling
Investor Sentiment

Special Bulletin: Dec 16, 2022 (9:30am Update)


The Selling Grows to Adjust for a New Terminal Rate

As of this morning’s open (SPX @ 3,870.74) Our Current Market Outlook was downgraded to “Market in Correction” with a red light. Currently our “Core Four” (see top of page) has 2 yellow and 2 red lights.

The market has made a beeline to the 50-day moving averages. The Nasdaq failed to hold its yesterday and the S&P 500 will likely test its today.

Market participants are having to adjust their future models with the Fed’s newly released terminal Fed-funds rate expectation.

Expect either a trip under the 50-day mav’s for 2-5 days and then a “stand” by the institutions at a “higher low” price level that leads to a surprise rally into the new year or look out below! If the market does not make a bold stand asap then sharply lower price exploration may be inevitable.

This update is brief and was posted a tad late (lunchtime) as our team is involved in a family funeral this weekend. Thank you for your understanding.

Game plan: Watch to see if the S&P 500 tests its 50-day and rises back above it quickly, or if it slices lower and heads to a retest of the October low. Continue to employ defensive risk management tactics. Pay close attention as the market experiences this violent 3 day drop to the S&P 500’s 50-day mav. It may turn out to be a “violent-3” shakeout and buying opportunity… or it may not. If it does, our signals would be upgraded as the market improved.

Note: You can learn more about The Triumphant Core Four risk management system by clicking here.

Have a Triumphant day! ® 

The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice. ©2022 Triumphant Portfolio Management, LLC.

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