Here are some of the most noteworthy trendline developments across the markets for Wednesday, January 29, 2020.
Energy SPDR $XLE Testing Post-2009 Up Trendline
High Yield Bond ETF $HYG Bouncing Off Test Of Broken Post-2007 Down Trendline
Equal Weight Commodity Index Testing Broken Post-2011 Down Trendline $TRCCI
Yen ETF $FXY Bouncing Off Key Trendline Convergence
Nasdaq 100 Volatility Index $VXN Rejected By Post-2018 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.