10AM EASTERN

posted Aug 22, 2014, 10:33 AM by Katie Shook

This market is waiting on Janet Yellen’s speech today.  The momentum, albeit light, has been decidedly positive for the week.  What is said and how this market reacts I do not know.  What I expect is a spike in volatility.

My guess for today:  the FOMC sees things picking up faster than anticipated;  policy course continues with possible tightening of rates in 2nd quarter 2015;  market gyrates, briefly crosses 2000, then a possibly move back into the 1950-1980 range over the next few days for some further consolidation over a week or two.  But admittedly, this is just a guess.

Process over opinion.

Daily Digits

Daily Digits 8-22-14

Weekly Estimated Range

Weeklies 8-22-14

IMPORTANT DISCLOSURE INFORMATION Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Littlejohn Financial Services), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Littlejohn Financial Services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional adviser of his/her choosing. Littlejohn Financial Services is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Littlejohn Financial Services' current written disclosure statement discussing our advisory services and fees is available for review upon request.
Comments