Here are some of the most noteworthy trendline developments across the markets for Wednesday, November 27, 2019.
Value Line Geometric Composite $VALUG Bouncing Off Broken Post-2018 Down Trendline
iShares Biotechnology ETF $IBB Testing Post-2015 Down Trendline
Russell 2000 Volatility Index $RVX Hitting Broken Post-2018 Down Trendline Again
Wheat Testing Decade-Long Down Trendline
iShares Australia ETF $EWA Testing Post-2007 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.