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Market Update

“You work hard for your money. We’ll work hard to protect it.”

Market Direction Is Important –

Updated Chart of the S&P 500 and Secondary Signals

Of our Four secondary indicators under our MTI:

  1. Relative Strength Index (RSI)-Positive

  2. Chaikin Money Flow (CMF)-Positive

  3. MACD- Negative

  4. Money Flow Index-MFI-Positive

More on the Market and the Economy:

Stocks ended lower on Friday on weak economic data and continued worries about Greece, with the S&P 500 finishing the week with a .88% loss, but closing the month with a 1.05% gain (though that monthly gain came on muted volume, as May saw the slowest trading since last November).


This week data will be released on manufacturing, the service sector, construction spending, consumer spending, the trade deficit, the Fed’s Beige Book and the jobs report.

Finra filed a proposed rule change with the SEC last Wednesday that would require brokerage firms to include a link to BrokerCheck on their homepage for retail investors to view background information about their brokers. The rule was originally proposed in 2013 and was later withdrawn as the brokerage industry argued about its feasibility.

Finra also released a revised proposal last Wednesday for a rule that would require brokerage firms to give information to investors about compensation when their broker switches firms. Brokerages would be required to send an “educational communication” that would outline questions that investors should ask their broker about inducements when they transfer to a new firm. The rule was originally proposed in 2014 and withdrawn due to resistance from the industry.

Last year, Americans lost more than $800 million to online scams, according to a report from the FBI’s Internet Crime Complaint Center. The IC3 received a total of 269,422 complaints in 2014.

From the Pew Research Center, a graphic of the comings and goings of US trade. In 2014, exports totaled $2.34 trillion and imports totaled $2.88 trillion. While the US ran a $230 billion trade surplus in services last year, it was dwarfed by the $771 billion deficit in goods.

An interesting infographic on the countries with the best minimum wage:


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