Here are some of the most noteworthy trendline developments across the markets for Wednesday, October 9, 2019.
Value Line Geometric Composite $VALUG Testing Post-2018 Up Trendline
Risk Barometer Small-Cap Pure Value Index Testing Broken Post-2018 Down Trendline
NYSE Oil & Gas Index $XOI Testing Post-2016 Up Trendline…Again
NYSE Pharmaceutical Index $DRG Testing Post-2016 Up Trendline…Again
First Trust Internet ETF $FDN Testing Post-2008 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.