Wealth Management Firm Near Me - Facebook Icon IMG  Wealth Planning Near Me - Twitter Icon IMG   Find A Financial Advisor Near Me - Linkedin Icon IMG 

678.971.1337

Access Your Account Online

☰ Menu
Market Updates

Daily Commentary

March 12th, 2020

Personal Financial Planner Near Me - Windsor Wealth Management Planners and Strategists Logo IMG

Headline News:

Wall Street is set to open lower after global stocks moved into bear market territory overnight. S&P futures are set to open down over 100 points as of 8:45 am this morning. An open that low would also move U.S. markets into bear market territory along with the price of oil. Investors were reacting negatively to President Trump’s speech last night, and they do not feel that possible needed stimulus efforts are in the works. Also, the World Health Organization (WHO) described the outbreak as a pandemic for the first time on Wednesday. So, markets could so more volatility going forward the rest of the trading week.

Markets:

The S&P 500 moved below support at 2743.43 and closed at a new low for the year at 2741.38. Volume was once again above average, so the sellers are still in charge of the trading. The next level of potential support could come in at 2603.43 and possible at 2532.69. The worst-case scenario would be a test of December 2018 low, which is at 2346.58. A possible bright spot is that the RSI index did not make a new low along with the index when it closed at the32.07. So, we remain short term bullish and believe there is possibly more selling to come this week.

We are currently long-term bullish and short-term bearish.

Wealth Management Firm Near Me - SP 500 Retirement Investment Opportunities Graph IMG 132

Wealth Planning Services Near Me - SP 500 Retirement Investment Opportunities Graph IMG 132b

John N. Lilly III
Accredited Portfolio Management Advisor℠
Accredited Asset Management Specialist℠
Portfolio Manager, RJ
Partner, DJWMG
Dominguez & Jones Wealth Management Group

 

 The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and changes of price movements.

 The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S stock market. Past performance may not be indicative of future results. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investors’ results will vary. Opinions expressed are those of the author John N. Lilly III, and not necessarily those of Raymond James. “There is no guarantee that these statements, opinions or forecast provided herein will prove to be correct. “The information contained was received from sources believed to be reliable, but accuracy is not guaranteed. Investing always involves risk and you may incur a profit or loss. No investment strategy can guarantee success. The charts and/or tables presented herein are for illustrative purposes only and should not be considered as the sole basis for your investment decision. International investing involves special risks, including currency fluctuations, different financial accounting standards, and possible political and economic volatility. Investing in emerging markets can be riskier than investing in well-established foreign markets.

 

 

Securities offered through Raymond James Financial Services, In., Member FINRA/SIPC.  Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Windsor Wealth is not a registered broker/dealer, and is independent of Raymond James Financial Services. Raymond James financial advisors may only conduct business with residents of the states and/or jurisdications for which they are propertly registered.  Therefore, a response to a request for information may be delayed.  Please note that not all of the investments and services mentioned are available in every state.  Investors outside of the United States are subject to securities and tax regulations within their application jurisdications that are not addressed on this site.  Contact your local Raymond James office for information and availability. Links are being provided for information purposes only.  Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors.  Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.