The Gilmo Report

December 1, 2019

November 30, 2019

The Thanksgiving holiday melt-up came to an end on Friday as the indexes pulled back on light volume in a shortened trading session. The NASDAQ Composite Index and its Big Three brethren, the S&P 500 and the Dow, all pulled back a precise -0.4% on Friday in a market version of a synchronized swimming event. The uptrend off the early-October lows continues but becomes ever more extended as individual stocks present a mixed bag.

 

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Gil Morales & Company, LLC (“GMC”), 8033 Sunset Boulevard, Suite 830, Los Angeles, California, 90046. GMC is a Registered Investment Adviser. This information is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to GMC, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Gil Morales & Company, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2008-2019 Gil Morales & Company, LLC. All rights reserved.