Here are some of the most noteworthy trendline developments across the markets for Wednesday, October 2, 2019.
Russell 2000 $RUT Testing Post-2018 Up Trendline
Broker-Dealer Index $XBD Testing Post-2016 Up Trendline
Technology SPDR $XLK Breaking Post-2018 Up Trendline
Europe’s STOXX 600 Index Testing Post-2015 Down Trendline
TD Ameritrade $AMTD Breaking Multi-Decade Up Trendline
Cisco Systems $CSCO Testing Post-2016 Up Trendline
Starbucks $SBUX Breaking Post-2018 Up 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.