Weekly Market Outlook
For Institutional Investors Only
January 29, 2019
Glenn Williams Jr; CMT
215.280.8308
Glenn Williams Jr LLC
glenn@glennwilliamsjr.com
Weekly Update:
· Weekly summary of portfolio performance laid out in detail on pages 4 and 5. Highest performing stock was CYBR (+7.14%) over the prior week, weakest was SWK (-11.45%).
· On a macroeconomic level, the 4 week average of initial unemployment claims was down 3.48%, while manufacturer’s new orders were up 0.76% from the prior month (full listing of leading, coincident, and lagging indicators on pgs 6 and 7)
S&P total return index (SPXT) is currently below its 200 day moving average, but showing increasing momentum, leading me to consider long opportunities. In general however, I use the SPXT as a trend filter and will refrain from adding long positions if current prices are below the 200 day MA.