Headline Risk in the Markets

Headline Risk in the Markets

Posted on July 22, 2014

Canterbury Portfolio Thermostat - Weekly Update – 07/21/14 

Market State 2 (7 trading days) - Long-term: Bullish; Short-term: Neutral/Bullish. 

Canterbury Volatility Index is at CVI = 44: The CVI (volatility) increased 3 points last week.   A reading below CVI = 75 represents a low risk market environment.


Overbought/Oversold Indicator:
Our Overbought/Oversold indicator finished last week at 88% oversold.


Market Comment:
The market rallied last week and the Dow and Nasdaq 100 reached new highs. That doesn’t mean it moved in a straight line. On Thursday, stocks fell sharply after a civilian jetliner was shot down in Ukraine followed by a ground assault in Gaza. This is called "headline risk.” This five-year bull market has seen a lot of headline risk, but selling has always been temporary. 

Tom is currently out of the office, we apologize for the short update this week. He will be back writing his update next week. 

Canterbury Investment Management: Tom Hardin

More About Tom Hardin

As Chief Investment Officer, Tom Hardin, Chartered Market Technician (CMT), makes all the final decisions on all investment and portfolio management decisions for Canterbury Investment Management. Tom has more than 30 years experience in the investment management industry and has broad breadth of knowledge. He is known as an innovator, educator and been revolutionary in the advancements in portfolio and risk management.

Every effort was used to provide accurate data and mathematical calculations to provide, what we believe to be, accurate results. Canterbury Investment Management, LLC, and its principal owners, make no guarantee of completeness or accuracy of data or calculations as well as conclusions of any statistical data or information contained in the simulation illustrated on this page. Past results or performance is in no way a guarantee of future results.