Thought for the day, plus some posts on the Stock Market, Finance, Politics, and Life!
"We must all suffer one of two things: the pain of discipline or the pain of regret or disappointment." - Jim Rohn
“The only person you are destined to become is the person you decide to be.” - Ralph Waldo Emerson
A down week for the S&P as the markets continue their downtrend. We are now putting in lower highs and lower lows (see chart below), and the 20SMA has passed down through the 50SMA (shown in red box below). There are 2 major areas of support if we keep dropping. They are the 200SMA (brown line in chart below), and the swing low put in on 6/27/16 of 1991.68 from the Brexit. In order for us to have a correction, we'd have to drop to 1974.43 which is -10% from the last previous high of 2193.81 put in on 8/15/16. I had a minor gain this week from trading PFF +.89% and HACK -.66%. I'm in cash now in my trading account.
“It is hard to fail, but it is worse never to have tried to succeed.” ~ Theodore Roosevelt
A good article for those wanting to, or just starting to try to get out of debt.
“One’s dignity may be assaulted, vandalized and cruelly mocked, but cannot be taken away unless it is surrendered.” ~ Michael J Fox
“Embrace your constraints. They are provocative. They are challenging. They wake you up. They make you more creative. They make you better.” ~ Biz Stone
“You may think the grass is greener on the other side, but if you take the time to water your own grass, it would be just as green.” ~ Author Unknown
“Who you are is what you settle for, you know? ~ Janis Joplin
A good article to read if you're thinking of selling your investments now.
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Disclaimer: Information on this website is to be used for educational purposes only. Information found here are personal opinions and not advice from a professional financial advisor or broker. All trading and investing comes with risk!