Weekly Market Outlook
For Institutional Investors Only
February 19, 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 this week was Oisix, up 14.56% over the prior week. Weakest performer was NWL, down 16.67%.
· Prices for the S&P 500 Total Return Index (SPXT) are currently above the 200 day Moving Average (MA), which as indicated in prior notes is used as a trend filter. As such, I interpret this as the market currently being in an uptrend, and would be looking to initiate new long positons.
Macroeconomic data shows a 4.51% increase in the 4 week moving average of initial unemployment claims, but also shows an increase in the labor force participation rate. Non-farm payroll data was up .20% from the prior month, and up 1.83% year over year.