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Marin Wealth Advisors

Marin Wealth Advisors, LLC.

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Do We Have a Brexit Bottom?

June 28, 2016

Do We Have a Brexit Bottom?

Of course we probably have many ups and downs to go in the process of Europe working out the problems created by the Brexit Referendum. But, if you’re wondering whether your stock portfolio is going to continue going down from here, here’s a tip for possibly figuring that out. Yesterday’s low was 1991 on the S&P 500, and today we’re getting a nice bounce. We hope it continues. The more trading days we trade above yesterday’s low the more our odds improve that we could be forming a bottom. If the market turns south and we don’t hold the low, we’re probably going to have another sell off, and the market will attempt to form another bottom at lower levels.

Category iconInvestment Management Tag iconETFs,  Mutual Funds,  Stocks

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    Marin Wealth Advisors LLC

    899 Northgate Drive, Suite 300
    San Rafael, CA 94903
    415-458-5880

    50 California St. Suite 1500
    San Francisco, CA 94111
    415-472-5885

    1901 Harrison Street, Suite 1100
    Oakland, CA 94612
    510-217-8100

    2121 California Blvd, Suite 290
    Walnut Creek CA 94596
    925-374-4899

    info@marinwealthadvisors.com

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