It’s already ¼ of the way through the year. Crazy! As always I’ve put together a recorded screencast so that those who like watching a VIDEO can follow my mouse, watch, and listen to me explain my way through this quarterly update on the state of the markets.
Adam Koos, CFP®, CMT®
This week’s update on the state of the market is going to be quick and concise, as I’m writing it on Saturday morning after wrapping up the annual CMT (Chartered Market Technician) Symposium in New York City.
While momentum in stocks continues to be less impressive than I’d like it to be, our friend Super Mario was able to break through the overhead ceiling of resistance described in last week’s update on the state of the market.
Five months ago, the market took a -20% nose-dive between September 21st and December 24th. Since then, the bounce off the near-term bottom has started to chop sideways, which is completely normal behavior. If you look all the way back to July of last year, the market has gone absolutely nowhere. Today, investors want to know whether stocks are going to continue heading higher from here, or if we’ll see a resumption of the long-term downtrend that began in December.
With last week marking the end of the month, we took a deep dive into the near and long-term picture surrounding the market. If you missed it, CLICK HERE to go directly to last week’s update on the state of […]
While I try to write one of these updates on the state of the market each and every week, it’s the end (or beginning) of a month that adds some good perspective. Reason being, we always want to invest with […]
It’s been 40 trading days since the big, December 24th low when the market completed its short-term correction bottom, falling a total of -19.8% from the Sept 21st high. Since then, we’ve seen an impressive rally take place, but there […]
This past week, I’ve been in the San Francisco area for a conference that Donna and I extended and turned into a vacation. As in the case of all our trips, I get up early in the morning before the […]
I’ll be honest… I didn’t even turn on the State of the Union Address. I had a couple friends text me about it as it was going on, and I let them know I was instead watching The Punisher series […]
“Don’t Fight the Trend” By: Adam D. Koos, CFP® President / Portfolio Manager Not just ANY trend, but “The Primary Trend.” This is from Charles Dow’s first lesson on the first day of class in Investing 101. Would you paddle […]