by jonathan@gurneyfinancial.com | Dec 28, 2019 | Uncategorized
WEEKLY MAJOR U.S. INDEX PERFORMANCE The Nasdaq continues to show strength. From a mid-term perspective, I don’t expect this to change. Short-term, a little breather is likely needed for a more sustainable rally. WEEKLY SECTOR PERFORMANCE Overall, risk-on assets...
by jonathan@gurneyfinancial.com | Dec 20, 2019 | Uncategorized
The upward trend continues as the S&P 500 consolidated sideways from Monday – Thursday of this week. Thursday, 12.19.2019, we finally closed above the $3200 level that we had been testing hard all week. The breakout spurred another boost Friday, 12.20.2019,...
by jonathan@gurneyfinancial.com | Dec 14, 2019 | Uncategorized
WEEKLY MAJOR INDEX PERFORMANCE Overall, the market grinded higher this week on trade optimism, though there appears to be a little disappointment once Phase 1 of the trade deal with China details were released Friday, 12.13.2019. On the news, there was a 100...
by jonathan@gurneyfinancial.com | Dec 7, 2019 | Uncategorized
The Cliff Notes Version Summary: After trading down last Friday, Monday, and Tuesday, which equated to a downward move of ~(2-3)%, the later part of the week quickly erased almost all of the test lower down to the S&P 500’s $3070 level. The intra-day...
by jonathan@gurneyfinancial.com | Nov 16, 2019 | Uncategorized
As stressed over the past several weeks, after an 18-month consolidation period for the Dow, do not be surprised if we finally breakout, remain in overbought territory (Relative Strength Index over 70), and tread a bit higher-than-expected. Oftentimes, investors...
by jonathan@gurneyfinancial.com | Oct 13, 2019 | Uncategorized
THE WEEKEND REPORT: So, where do we go from here? As you can see below, we posted a nice comeback in the latter portion of the week leading to a positive returns across all Major U.S. Index (The Dow, S&P 500, Nasdaq, & Russell 2000). As expected, Gold (GLD),...
