weekly market update Sept 20, 2015

Sep 20, 2015

 

Market Update

weekly market update Sept  20, 2015 Last week I talked about how stocks were in a range between support and resistance. Stocks peaked above those highs on Thursday only to fall back below them. This type of false breakout is indicative of an exhaustive move and suggests that stocks should fall over the short term.

breakout

I believe that the odds are good that stocks will retest the lows of last month.

Client Update

Currently, we have most client accounts invested primarily in money market funds. Money market funds are safe investments that do not fluctuate in price and are a good place to park our money while we wait for stock and bond market conditions to improve.

Lifestyle Spotlight

7 Ways To Conserve Water In Your Garden.

Have a great week!!

 

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