**** Volatility Spike ****

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

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. 

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