Financial Planners Fort Myers— Volume Trying to Tell us Something?

Over the course of the last several days on the major exchanges across the world there has been a significant decrease in overall volume.  This can mean several different things in general, but the fact that we are seeing lower volume while still making new highs is a bit concerning.  Are bullish investors getting tired?  Is it finally time for a pullback?

These are questions that will answer themselves over the course of the next day, weeks, or months as we head into Spring.

Past performance is no guarantee of future results. 

                              

Eric Marvin, CFP®, CRPC®

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Financial Planners Fort Myers— Back to Headline Risk

Over the course of the last week our global financial system has gone back to trading on rumors and headlines that were so prevalent last year.  For a period of about three or four months we got back to focusing on fundamentals, economic reports, and earnings as to try and deviate ourselves from all of the “noise” in the marketplace.  Well, once things started heating up again for Greece the markets once again only want to focus on the latest rumor or headline.

As we approach the potential new highs in the S&P 500 that were set last April it is imperative that investors begin to expect at least some kind of pullback in the not too distant future.

The S&P 500 is an unmanaged index.  Investors cannot invest directly in an index.

Past performance is no guarantee of future results. 

Eric Marvin, CFP®, CRPC®

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Financial Planners Fort Myers— Greece votes for Austerity

Over the weekend, Greece voted to implement even more painful austerity measures in order to receive another round of cash.  These measures are essential in order for them to make a bond payment coming up in March.  So far today, the markets appear to be cheering the news out of Europe, but only time will tell how long the euphoria will last.  Since the beginning of the year, the stock market has been in rally mode with stocks significantly outperforming other asset classes, but as we all know things can’t continue to go up in a straight line forever.

Past performance is no guarantee of future results. 

Eric Marvin, CFP®, CRPC®

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Financial Planners Fort Myers— Consolidation

Over the last several days with the exception of yesterday the stock market has been in consolidation mode.  The moves lower have all been fairly contained in terms of percentage losses and have allowed the market to pull farther apart from the 200 Day Moving Average on the S&P 500.  Another thing to keep in mind is the lack of reaction to the macro headlines around the globe.  Six months ago, the market would have moved dramatically in either direction on the slightest news report.  However, today the market seems to be shrugging these events off.

Past performance is no guarantee of future results.  The S&P 500 is an unmanaged index.  Investors cannot invest directly in an index.

Eric Marvin, CFP®, CRPC®

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Eric Marvin, CFP®— Turnaround Tuesday?

If the S&P 500 closes lower again today it will mark four straight down finishes for the index.  This news may take a backseat to the fact that today is the last day of January and should mark a great start to the New Year.  In fact, we may not even get four straight negative closes as today could be a possible “Turnaround Tuesday.”  According to market statisticians, Tuesday has one of the highest percentages for a possible market turnaround if the last three prior closes in the S&P 500 have all finished lower.  We will have to wait and see if this does in fact play itself out today.

Past performance is no guarantee of future results.  The S&P 500 is an unmanaged index.  Investors cannot invest directly in an index.

Eric Marvin, CFP®, CRPC®

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