Friday, 10.18.2019 – Can Momentum/Growth Names get a bid?

The Week:

• Positive news on Brexit
• No concrete news on China Trade Negotiations
• U.S. tariffs on $7.5BN of EU goods went into effect Friday
• Decent start to Q4 earnings season; Banks overall are hanging in there.
• S&P 500 appears to be in the range between $2960 (support) and $3000 (resistance)

DISCUSSION TOPICS:

• Major Index Performance
• Sector Performance
• S&P 500 - Key Levels
• Put/Call Ratio
• $SPX vs. Gold vs. TLT
• +20-yr Treasury Bonds
• Volatility Index - $VIX

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DISCLOSURE STATEMENT

This post is for informational use only. The views expressed are those of the author, Jonathan M. Gurney. This material is not intended to be relied upon as a forecast, research or investment advice, and it is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.

Opinions and statements of financial market trends that are based on current market conditions constitute judgment of the author and are subject to change without notice. Statements that reflect projections or expectations of future financial or economic performance of the markets may be considered forward-looking statements. Actual results may differ significantly. Any forecasts contained in this material are based on various estimates and assumptions, and there can be no assurance that such estimates or assumptions will prove accurate.

Investing involves risk, including possible loss of principal. Past performance is no guarantee of future results. All information referenced in preparation of this material has been obtained from sources believed to be reliable, but accuracy and completeness are not guaranteed.