Weekly Market Outlook
For Institutional Investors Only
February 5, 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 4, 5, and 6. Highest performing stock was XONE (19.33%) over the prior week, weakest was WMT (-2.36%).
· On a macroeconomic level, the 4 week average of initial unemployment claims was up 0.46%, after being down 3.48% in last week’s reading. (full listing of leading, coincident, and lagging indicators on pgs 7 and 8)
· Last week I noted that prices for the S&P total return index (SPXT) were still below its 200 day moving average, but gaining momentum. A change occurred this week as the SPXT rose 3.12% last week, with prices slightly surpassing the 200 day MA. As I use this as my trend filter, I would be inclined to take a bullish/more aggressive stance on the market overall.