I recently performed a major rebalancing of client portfolios who have a Growth, Core or Fully Diversified investment objective, buying and selling a number of holdings so that portfolios would be in line with our views on the market (I will get to that in a bit). Selling a stock holding can be difficult, but …
Double Click on Image for Full Size View This blog post is a copy of the Investment Discussion I presented to my board Investment Committee today. It was written for them, so please read it as such…Thanks! Since we last met, the market has drawn out a inverse head and shoulders pattern (see graph above). …
Double click on any image for a full size view Just a quick update as its been a long day and I’m ready for work to stop. We have very quickly retraced 50% of the recent correction – I’ve drawn a green horizontal line at 3393 which is half way between the high and low. …
Double Click on any Image for a Full Size View News of the House of Representatives and Treasury Secretary Mnuchin being close to a new stimulus package allowed the market to gap up and run through the resistance at 3353 (the 50 day moving average line) and stop just shy of 3363 resistance (the thick …
Double Click on any Image for a Full Size View In the image above I’ve drawn in a dashed black line. This is the graph that I presented to our investment committee last week to show what I believe to be the path to the 200 day simple moving average – so far, it has …
Double click on any image for a full size view Following up yesterday’s post about the strength of the 20 day moving average line as resistance against the stock market moving higher, yesterday I noted that 3429 was the reading for the 20 dma and today we managed to move up to 3428.92 before the …
Double Click on any Image for a Full Size View Just a quick update – when we last chatted here on the blog, I noted that we were set to test the 50 day moving average (the red line on the graph above). We did that and predictably bounced back to the underside of the …
Double Click on any Image for a Full Size View I’ve annotated a graph of the S&P 500 to give you an idea of what I see happening to the market. If you’ve been reading the blog and the recent posts since I warned that we were getting ready for a pullback, you will recall …
Double Click on any image for a full size view This is a follow-up to last nights post-market-drop post. We did open the market up this morning, but it was not a long-lived rally. You can see on the graph above the blue line discussed last night on the S&P 500 Index graph. We have …
Double click on any image for a full size post I’ve gotten some texts and emails about the big drop in the market today. Some hadn’t read the blog posts from the past few days where I gave a heads up that the market was ready to pullback based upon various indicators I detailed in …
Both Tesla and Apple split their stock today, and both are up big as people are panic buying the now lower priced shares. Apple, at $2Trillion in market cap, is bigger than the combined economies of Canada + Russia + Spain…cogitate on that for a moment. Double click on any image for a full size …
Double click on any image for a full size view The NASDAQ and the S&P 500 have hit all time highs in price this week. The Dow Jones Industrial Average also moved up but is still below previous highs. Unfortunately, this is not your typical broad market advance that signals a healthy investment climate, growing …
