by jonathan@gurneyfinancial.com | Jun 13, 2020 | Uncategorized
Happy Saturday friends and clients. It was an ugly week in the stock market! We were fortunate to trim down to 5% invested prior to the plunge. Did we time it perfect? No. It seems to be a reoccurring theme that we tend to get out or reduce positions about 3-5 days...
by jonathan@gurneyfinancial.com | May 22, 2020 | Uncategorized
Quick Thoughts: Tech has been in “beast mode” as of late and has consolidated a bit as “beat to dead” names got a bid this week. The S&P 500 traded in a tight 70 point range between $2910-$2980 all week. We have stressed that sideways movement would be preferred....
by jonathan@gurneyfinancial.com | May 9, 2020 | Uncategorized
It is interesting to see April 30, 2020 close at the exact level it was a year ago: $2954. Will it test to $2728 like it did last year? TBD. This was the theme last week. The question remains! Quick Thoughts/Questions I Ask Myself: Over $4.5 trillion dollars are...
by jonathan@gurneyfinancial.com | Feb 11, 2020 | Uncategorized
As stressed Monday, 2.10.2020, if we breakout past $SPX $3334, look for a test toward all-time highs. This is what happened with the S&P 500 closing up 0.73% to $3352.09. Let’s see if we struggle at $3365 today. If you were to look at a chart over the past 3...
by jonathan@gurneyfinancial.com | Feb 3, 2020 | Uncategorized
While it is important to take the coronavirus ordeal seriously, and it could potentially get worse, this is a classic extrapolation error that many fail to comprehend. To be clear, I am not saying the market will not go lower. Frankly, I hope it does as I can get...
by jonathan@gurneyfinancial.com | Jan 11, 2020 | Uncategorized
WEEKLY MAJOR INDEX PERFORMANCE The Nasdaq continues to “kill-it” while the Russell 2000 continues to lag. Sooner than later the Russell 2000 will likely play catch-up after a breather across the broader general market. After seeing a recent bid in...
