Weekly Market Outlook
For Institutional Investors Only
February 12, 2019
Glenn Williams Jr; CMT
215.280.8308
Glenn Williams Jr LLC
glenn@glennwilliamsjr.com
Weekly Update:
· Weekly summary of portfolio performance is outlined on pages 5, 6, and 7. Highest performing stock was TGTX, up 12.44% over the prior week. Weakest performer was ELY, down 7.44%
· Prices are slightly below our trend filter (200 day MA on the SPXT), after moving above it last week. In general that would cause me to be hesitant as it relates to recommending additional long positions. I still think some opportunities exist, but I believe that the entry into new positions should be done at levels that coincide with increased momentum in the overall market. As such, today’s idea is contingent on going long if prices for the security reach a particular level.
· Additionally, if the trend in the SPXT pushes downward, my attention will shift to identifying short ideas. As it stands, prices appear to be fairly range bound, with little conviction in either direction.