Market Update: August 18, 2022 Trying to Breakout

Tom Vaughan is a Certified Portfolio Manager and CEO of Retirement Capital Strategies. Retirement Capital Strategies is a registered investment advisor located in San Jose, California.

The opinions voiced in these presentations are for general information only and are not intended to provide specific advice or recommendations for any individual(s). The information provided herein is obtained from sources believed to be reliable, but no reservation or warranty is made as to its accuracy or completeness. Statements and opinions are subject to change without notice. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. Accordingly, you should not rely solely on the information contained in these materials in making any investment decision as the material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned in this presentation. Before acting on information discussed in this presentation, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment advisor. Prospectuses, investment objectives, risks, charges and expenses of any investment product should be reviewed carefully before investing. This platform is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Retirement Capital Strategies and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Tom Vaughan or Retirement Capital Strategies unless a client service agreement is in place. “Likes” are not intended to be endorsements of our firm, our advisors or our services. Please be aware that while we monitor comments and “likes” left on this page, we do not endorse or necessarily share the same opinions expressed by site users. While we appreciate your comments and feedback please be aware that any form of testimony from current or past clients about their experience with our firm is strictly forbidden under current securities laws. Please honor our request to limit your posts to industry-related educational information, comments and questions. Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation. Investment positions mentioned in these videos may be held in some of our existing portfolios. Tom Vaughan and Retirement Capital Strategies are unaffiliated and separate from those companies whose investment positions are mentioned and is not liable for their products or services.

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Transcript:

Hello, everybody, welcome to Thursday, the S&P 500 was up a little bit more than point 2% today. And really, this is one of those days where there isn’t a lot of information that you get out of the movement one way or another, because we have these two levels that are either going to break through to the upside or fall through to the downside. And in the meantime, when you’re kind of bouncing around between those, there’s not a lot to learn until something does happen one way or another, it’s very important to understand what those levels are, so that you can kind of identify what’s happening here. But, you know, we spent 16 trading days over a couple of months period, hitting up against the 4170 ish level, on the S&P 500. We’re now at 4280. So we’re 110 points above that, which is great. And so now that becomes very nice support. And so hopefully we don’t fall back below that. But that’s one of the things we’ll be watching for. On the other hand, on the upside, we have the 200 day moving average, which is about 40 points higher than where we are now. And another 20 points, but higher than that is the trendline, that is connecting the tops of this downturn, it’d be pretty significant to break through those. And because you have a lot of different people, hedge funds, and what have you are shorting the market that seen as a significant breakthrough, when you get to the 200 day moving average, you probably have a lot of people reversing their thought processes on whether this is still a down market or not. And you could get a really nice run off of that.

The problem is it takes a lot of energy to break through these types of barriers, and we use so much energy to get to the last one, and then ran right up to the 200 day moving average, really without stopping. And that’s what created this big stretch that we have. And so now, you know, we’re probably going to be sitting here for a while kind of bouncing off of this average, maybe coming down tomorrow, or whatever it is. And as I mentioned yesterday, that’s still a good sign. We’re not falling back below that support that we had. And we’re really kind of consolidating and resting, building up more energy possibly to break through. Because again, I think we would have a pretty good run after that. So really interesting time. I hope we break up above as far as that goes. But it’s hard to tell for sure what’s going to happen. We just need to keep watching. I will be on vacation next week, just so you know, I won’t be doing the daily videos. We won’t be doing the show. But it will be doing the show tomorrow from 1215 to one o’clock the talk money with Tom show on YouTube channel. And so feel free to join me I’ll give you a summary for what I saw happening for this week. And again, very interesting time to be an investor. So no doubt about that. So look forward to seeing you then. Thank you

Tom Vaughan is a Certified Portfolio Manager and CEO of Retirement Capital Strategies. Retirement Capital Strategies is a registered investment advisor located in San Jose, California.

The opinions voiced in these presentations are for general information only and are not intended to provide specific advice or recommendations for any individual(s). The information provided herein is obtained from sources believed to be reliable, but no reservation or warranty is made as to its accuracy or completeness. Statements and opinions are subject to change without notice. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. Accordingly, you should not rely solely on the information contained in these materials in making any investment decision as the material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned in this presentation. Before acting on information discussed in this presentation, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment advisor. Prospectuses, investment objectives, risks, charges and expenses of any investment product should be reviewed carefully before investing. This platform is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Retirement Capital Strategies and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Tom Vaughan or Retirement Capital Strategies unless a client service agreement is in place. “Likes” are not intended to be endorsements of our firm, our advisors or our services. Please be aware that while we monitor comments and “likes” left on this page, we do not endorse or necessarily share the same opinions expressed by site users. While we appreciate your comments and feedback please be aware that any form of testimony from current or past clients about their experience with our firm is strictly forbidden under current securities laws. Please honor our request to limit your posts to industry-related educational information, comments and questions. Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation. Investment positions mentioned in these videos may be held in some of our existing portfolios. Tom Vaughan and Retirement Capital Strategies are unaffiliated and separate from those companies whose investment positions are mentioned and is not liable for their products or services.

By participating in any of these live streams, you agree that any questions submitted by you might be used by us in the future on this YouTube channel. We will not share your personal information.

If you have questions, please write to us at: asktom@talkmoneywithtom.com.

  • MoneyGuidePro®
  • Advent Software/Black Diamond Reporting
  • Riskalyze, Inc.
  • thinkpipes®
  • Right Capital
  • YCharts, Inc.