Trendline Wednesday – 3/18/2020
Here are some of the most noteworthy trendline developments across the markets for Wednesday, March 18, 2020.
NYSE Composite $NYA Testing Post-1974 Up Trendline (log scale)
S&P 500 $SPX Testing Post-2009 Up Trendline (linear scale)
Nasdaq 100 $NDX Testing Post-2016 Up Trendline (log scale)
Indian Stocks Testing Post-2009 Up Trendline $INDY $NIFTY
Utilities SPDR $XLU Testing Post-2009 Up Trendline
Intel $INTC Testing Post-2009 Up Trendline
Johnson & Johnson $JNJ Testing Post-2009 Up Trendline
Bitcoin Breaking Post-2015 Up Trendline $BTC.X
Copper Breaking 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.
