Financial Planners Fort Myers— Leadership Technology Stocks Breaking Down

Today marks the first day in a long time that you are seeing the NASDAQ under pressure with the overall market advancing to the upside.  Usually when stocks that have been the clear leaders of an exchange/index for weeks/months finally start to break certain moving averages on a pick up in volume it can mean more downside is not far off.

Be careful out there and be sure to contact your financial professional with any questions or concerns.

Past performance is no guarantee of future results. 

The NASDAQ is an unmanaged index.  Investors cannot invest directly in an index.

Eric Marvin, CFP®, CRPC®

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Financial Planners Fort Myers— Uptrend Continues

The uptrend in the markets have resumed higher after some fairly heavy selling during Tuesday’s session.  As I have been saying for quite some time now, one cannot assume the uptrend is over until several factors begin to change.  These include looking at things such as moving averages, support levels, volume, breadth, etc.  As I write this we are waiting for news out of Greece to hopefully move one step closer to turning the corner in the European Sovereign Debt Crisis.  Only time will tell what will happen in Europe, but betting against the uptrend without a significant change in the factors mentioned above may prove to be costly.

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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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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Financial Planners Ft Myers I Playing Catch Up

During times of increased volatility in the stock market you often see a great deal of disparity among investment managers in terms of their performance.  For example, the market may have recently made new lows and you may have a manager who remains bearish and then the market rallies higher.  They then generally reverse their thought process and take a bullish view sometimes buying near the end of the rally.  However, as I mentioned before in a previous post, “Markets can remain irrational longer than you and I can remain solvent.”  So, sometimes if there are enough managers that may have missed a possible rally in the market they can in essence create a continued buying spree that lasts a lot longer than one may think.

On the flip side, if you have missed the rally and then buy in at the top the short-term volatility can be hazardous to long-term performance.  For this reason, it is very important to monitor your long-term performance with your financial planner to make sure your goals and objectives are still in line. 

As a reminder past performance is no guarantee of future results. 

Eric Marvin, CFP®, CRPC®-Financial Advisor

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Financial Planners Ft Myers I Hurry up and Wait

Another one of my favorite sayings in the financial services business is, “Hurry up and wait.”  As long-term investors we often get excited about the possibility of what a new month, quarter, or year can bring.  As human beings we are programmed to be eternal optimists when it comes to investing our money for the long haul.

Most investors whether or not they admit it or not, want to believe in the possibility of a prosperous return on their money.  As humans we are programmed to have emotions and we tend to want to take on the role of a cheerleader and root for something.  You can almost make a comparison to setting that New Year’s resolution and convincing yourself that this is the year that you finish that goal. 

We all want instant gratification even as long-term investors, which corresponds to the hurrying action described above.  However, we must remember that good things can come to those who are patient and wait for things to develop.  Instead of rushing into waiting you may want to consider taking more time and making sure that your future decision will ultimately fit into your long-term goals and objectives.

Past performance is no guarantee of future results.

Eric Marvin, CFP®, CRPC®-Financial Advisor

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