New High! Again!
The S&P 500 moved to a new high with good volume on Monday 6/19/2017. The index then moved back down into the old trading range of 2440-2413. The better than average volume for the breakout move is a good sign of potential more buying and potential new highs soon. If the 20-day moving average, the blue line, continues to provide support, the markets should remain bullish.
John N. Lilly III, AAMS
Portfolio Manager, RJ
Partner, Windsor Wealth
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. 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.