Value Continues to Perform

November 11, 2019

Weekly Market Outlook

By Keith Schneider

This week’s Market Outlook is abbreviated due to our travel schedule.  We taught a master class at TradersExpo in Las Vegas.

This week’s highlights are:

  • Risk Gauges are 100% bullish
  • Volume patterns remain decent overall
  • Market Internals are slipping despite the continued run-up
  • Market Sentiment has reached short term frothy levels
  • Semi’s continuing to lead by a wide margin
  • Value stocks are now leading the recent move up and broke out on a longer-term basis compared to growth stocks
  • Gold, Gold Miners, and Bonds all traded down and must hold current levels on weekly charts for longer-term trends to remain intact
  • The Yield Curve is no longer inverted

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