Daily Strategy Session – 12/3/2019

  • Markets nearing BUY territory: HEDJ, France, Netherlands, Sweden, DJ STOXX Banks, TR Equal-Weight Commodity Index, CRB Index
  • Markets nearing SELL territory: GDX, 10-Year Yield
  • Market Outlook: Intermediate-Term: Bullish & Short-Term: Neutral Bullish (*Change a/o 2PM CST on 12/3/19*)
  • Themes Of The Day:
    • BTD Yet??
    • High TECH
    • Un-SAFE HAVENS?

 

  • Indices (0:00): Value Line Geometric, S&P 500, DJIA, NDX, S&P 400 Mid-Cap, Russell 2000, HYG, Russell 2000 Volatility Index
  • Sectors (3:37): XLU, IYR, RWR, ITB, XLP, XLV, IHI, DRG Pharmaceuticals, BTK Biotech, PKW, SDY, XLK, SMH, XSD, GDX
  • International (7:20): MSCI-EAFE, STOXX 600, France, Switzerland, Sweden, Netherlands, HEDJ, Brazil, Russia, India, China, Taiwan
  • Bonds (10:25): 10-Year Yield, 30-Year Yield, IEF, TLT
  • Currencies (11:28): U.S. Dollar Index, FXE
  • Commodities (12:08): TR Equal-Weight Commodity Index, Crude, GLD, SLV

 

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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.