Independence Day Celebration
Tuesday, July 03, 2018
We are celebrating our Independence as an Independent Registered Investment Advisory firm.
We are independent –
We are not tied to any particular family of funds
We are not tied to selling investment products
We focus on doing everything we can in helping clients reach their financial goals.
We provide personalized financial advice to our clients – many of whom have complex financial needs.
We are fiduciaries –
By law, we are required to act in the best interests of our clients at all times
We are registered with the Securities and Exchange Commission.
Long-term US Large Cap Stock Trend Remains Intact
Below is a daily chart of the S&P 500 index. The red smoothed line in the chart is the 200-day simple moving average (SMA):
The 200-day SMA slopes upwards – a good sign
Prices remain above the 200-day SMA – a good sign
The uptrend remains intact – we recommend staying invested in US Equities
US Stocks Oversold
Note the green circle in the chart. It shows that stochastics, a short-term oscillator that fluctuates from overbought to oversold, is showing an oversold condition. Typically, we want to buy when stochastics are oversold, sell when overbought. This indicator is not always right, but it does somewhat help mitigate buying at tops.
Clients may want to increase their equity % held now
Clients may want to invest cash on the sidelines now
You can see that the last time stochastics were oversold was end of March 2018, February 2018 and August 2017
Call us to discuss your personal situation.