October - 2015

Rocket Capital Management

Hurd on the Street, November 2015

Hurd on the Street, November 2015

Happy Thanksgiving! We want to extend a special thanks to all of our clients, friends, and partners for allowing us to serve them here at Rocket Capital Management. The major indexes, the S&P 500, DJIA and NASDAQ have all had significant moves from their trading lows in September and are now trading above their 200 day moving averages, adding to my conviction that the lows established in August will be the lows for the year. While this is very encouraging, I believe that any

Hurd on the Street, October 2015

Hurd on the Street, October 2015

As we enter the always frightful Month of October, the rally seen at the end of August has proved short lived, making a retest of the August lows more likely. Since the market’s decline, which began in mid-July, the S&P 500 and NASDAQ Composite are down 7.5% and 8.8%, respectively. A drop of this percentage fits my definition of a correction in an ongoing bull market, which generally has been a decline in the range of 7% to 12%. With the short term trend now down, our course