Friday, August 21, 2015

Market in Correction - I will be back in my office on Monday

Market in Correction

The Market went into correction mode on Friday.

I reduced our market exposure Friday morning.

The market has been in a tight 5% trading channel for most of the year. The market rarely stays in such a tight range for so long. It finally broke out of the trading range to the downside, prompting me to take action.

S&P 500 Index


I will post a news letter next week with further analysis.

I am currewntly at Tenmile Lake finishing up a family reunion. I will be back in my office on Monday. I will check my phone messages at that time.

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