Founded in 1992, Jackson Wealth Management is an independent, fee-only investment advisor. Founder George P. Jackson has been the CEO/CIO of the firm since its inception with the goal of delivering value to his clients and his associates. 

Securities Offered through Triad Advisors, LLC. Member FINRA/SIPC
Advisory services offered through Jackson Wealth Management, LLC. 
Jackson Wealth Management, LLC is an affiliate of Jackson Retirement Planning, Inc.
Jackson Wealth Management, LLC is not affiliated with Triad Advisors, LLC.

755 Primera Boulevard, Suite 1001

Lake Mary, Florida 32746

**** Volatility Spike ****

February 6, 2018

 

2/6/2018 10:06 AM

 

Dear Friends,

 

Below is a 1 minute chart of the Dow Jones Industrial Average.  My thoughts and guesses:

  • Yesterday’s low was 23,900, but only lasted about 1 minute at this level

  • The index was off more than 1,500 points at that level, but traders bought in at that point

  • In my humble opinion:

    •  23,900 is support for the market (red horizontal line)

    • Novice traders will be stunned

    • Advanced traders will be buying here

    • Think of this as an 8% off sale

    • Expect lots of volatility on Tuesday and perhaps the days that follow

    • I would not be surprised to see the market trade sideways for some time

 

Obviously, I can be totally wrong here and the market continues lower and goes below 23,900.

 

If you are concerned and want to play it safe, call us.

  • Please do not make panic moves

  • Move no more than 20% at one time.  E.g., if you are 70% stocks now, move to 50% stocks in one day, you can always call the next day and move another 20%. 

  • Please do not panic sell all stocks at one time, we have found that panic moves hardly ever work out

     

     

     

     

     

     

     

     

     

 

 

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