The Gilmo Report

March 31, 2019

March 30, 2019

It was a bouncy week for the market, but the major market indexes rode through it all by closing slightly positive for the week. After a sharp sell-off two Fridays ago, the market stabilized to end the current week above where it closed the Friday before. The NASDAQ Composite Index, along with the S&P 500, is holding support along its 20-dema, and remains well above its more critical 200-dma.

 

 

Friday’s action was helped along by quarter-end window dressing and positive headlines coming out of China as Treasury Secretary Stephen Mnuchin and U.S. Trade Representative Robert Lighthizer met with their Chinese counterparts. The meetings were hailed as constructive, but nothing concrete resulted, as has been the case since the talks began last year.

The rest of this report is available for Gilmo Report Members only.
The full report will be available 45 days after it is posted. For immediate access: login or subscribe

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.