Here are some of the most noteworthy trendline developments across the markets for Wednesday, September 25, 2019.
Nasdaq 100 Index $NDX Testing Post-December Up Trendline
Amazon $AMZN Testing Post-2015 Up Trendline
Russell 2000 Small-Cap Value Index $RUJ Testing Broken Post-2018 Down Trendline
NYSE Oil & Gas Index $XOI Testing Broken Post-2018 Down Trendline
DJ Brewing Index Testing Post-2016 Down Trendline
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Disclaimer: JLFMI’s actual investment decisions are based on our proprietary models. The conclusions based on the study in this letter may or may not be consistent with JLFMI’s actual investment posture at any given time. Additionally, the commentary provided here is for informational purposes only and should not be taken as a recommendation to invest in any specific securities or according to any specific methodologies. Proper due diligence should be performed before investing in any investment vehicle. There is a risk of loss involved in all investments.