Benchmarking The Market

10.3.2023: 1595.84 CHF, -18.1% from ATH, +4.8% from the 30.09.2022 bottom, 1.5% YTD, -6.5% from the previous pivot.

The pull back came later than I thought. End of January I thought my benchmark is going to peak here and pull back by 5-6% in 2-3 weeks. Instead it still went up a bit and then it took 5 weeks to decrease substantially.

Major indices don’t look oversold (TradingView, stochastic RSI with the standard settings on daily close prices). I wonder if the markets are going down more and if we are going to see negative YTD changes and especially if we are going below December’s minimum. Or things will calm down over the weekend and there won’t be a new substantial decrease.

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