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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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

Shake Out???

October 24, 2018

 

10/24/2018 10:44 AM

 

Dear Friends,

 

Shake Out Tuesday – Bottom In???

Looks to me like we had a shake out yesterday in the markets and the S&P 500 index low has been put in yesterday at 2692.25. That’s about -9% off the September 2947 high.

 

That low is depicted as an orange horizontal line on the chart below. I have added green circles showing support at the same level in May and July.

 

The red circles show that the market is oversold on both stochastics and the percentage of stocks trading above their 200-day simple moving average.

 

What should you do?

No guarantees of course, but I do believe that the low is in (orange line).

 

Stay invested.

 

Invest cash now on the sidelines.

 

Call us with any questions.

 

 

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