Weekly Market Outlook
For Institutional Investors Only
March 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 6, 7, and 8. The Stars Group (TSG) had the strongest performance on the week, up 7.01%. The laggard on the week was Pluralsight (PS), off 12.49%, in a move that would have caused us to exit the position.
· My market regime filter (SPXT), is still above its 200 day MA (as of 03/12/19), but has shown recent weakness. The index did in fact dip below its 200 day MA on 03/08/19, but has since rebounded. Still I think that this warrants additional monitoring, if not flat out caution moving forward.
· Also, I have a bit of concern when looking at the current advance/decline line. While the line is still above its 20 period moving average, it is showing slowing momentum as well. This, in conjunction with the recent behavior of the SPXT is something that I think signals a potential slowing in market prices.