Here are some of the most noteworthy trendline developments across the markets for Wednesday, November 6, 2019.
Value Line Geometric Composite $VALUG
Testing Breaking Post-2018 Down Trendline
Equal Weight Commodity Index
Testing Breaking Post-2011 Down Trendline
Nasdaq 100 Volatility Index $VXN Testing Post-2017 Up Trendline
Steel ETF $SLX Testing Post-2018 Down Trendline
Energy SPDR $XLE Testing Post-2018 Down Trendline
Portugal’s PSI-20 Index Testing Post-2014 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.