No New Bull Market Yet, Moving Averages & Retiree Spending Rules
It’s another action-packed episode of Money Wise, and the Money Wise guys kick it off with a review of last week’s numbers from Wall Street. The Dow was up 1.7%, the S&P 500 was up 1.9%, and the NASDAQ was up 2.6%. Year-To-Date the Dow is back in the black, and the S&P 500 and the NASDAQ are also up. All three major indices are still meandering back and forth in a trading range, and the guys talk about moving averages and why we’re not yet in a new bull market. Original Money Wise host John Davidson sits in for Jeff this week, and the talk turns political early in the show.
Moving Averages 101
With all the tech talk on moving averages, this concept deserves a deeper dive. According to the Corporate Finance Institute, moving averages are technical indicators that investors and traders use to determine the trend direction of securities. Moving averages are calculated by adding up all the data points during a specific period and dividing the sum by the number of time periods. Moving averages help technical traders to generate trading signals.
You’ll often hear the Money Wise guys discussing 200-day moving averages and 50-day moving averages. When the market is trading back and forth within these moving averages, you’ll hear the guys call it a trading range – and we’ve been stuck in this one for some time now. Will we come out of it anytime soon? Keep tuning in each week for all the updates!
In the second hour, the Money Wise guys are discussing Retiree Spending Rules. Are you following them? You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.