Today’s Market Mood

GoSign

THE MARKET MOOD

September 2017

Gordon Says:

“The global political arena quieted for a moment and freed the S&P 500 to make new highs. Historically October and November are high volatility months, prone to large corrections.  However, since we are in a GO sign mode, it is likely that any such dip will represent yet another buying opportunity. So long as the S&P 500 does not cross its 12-month moving average, investors should look to take advantage of lower prices whenever they show up.”

Gordon

 

Toni Says:

We are still in a GO signal as the SPY continues to climb in an uptrend, touching new highs and definitely at a premium to its 12-month moving average and its 14-week MA.

 Since I am a trader, though, I worry.  The CBOE VIX indicator is wallowing near all-time lows, and nothing—two major hurricanes, barbs traded between Pres. Trump and North Korea’s Kim Jung Un—or even the fact that September has the reputation as a volatile month—has rocked this market’s serenity.  That’s the good news.  But while we are enjoying this peaceful period, experience tells me that it is during times like these that we can experience a retracement or correction.  To that end, my current positions are conservative, with a minimum of momentum stocks. And if I’m wrong and the market breaks even higher from here?  I will be delighted.”

 

Stay safe and keep green on your screen,  

Toni

 

 

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