The Gilmo Report

November 13, 2019

November 13, 2019

The Big Three major market indexes have continued to grind higher as they lean against muted hopes of a Phase One U.S.-China trade deal. The NASDAQ Composite Index looks like both the S&P and the Dow as it huffs and puffs its way higher over the past several trading days, but did not post a new closing high as the other two of its Big Three brethren did today.

 

 

The slow grind higher in the indexes has been accompanied by a mix of action among individual stocks. Dynamic leadership is nowhere to be found, which continues to make the situation difficult for growth-stock investors. Despite new highs in the indexes, this does not strike me as a big-money market, at least not yet, and the best high-velocity, high time-value moves tend to come after earnings reports.

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