Technical Tuesday - November 19, 2019 - Equities
publication date: Nov 19, 2019
The S&P 500 is very close to our 3180 target and overbought on a short-term basis. We are going neutral on a near-term view within the context of a bullish long-term uptrend. The Nasdaq Composite is also into a target zone, and we expect a pause/pullback to occur. This index is also going to a neutral view short-term. We got the buy signal in the Health Care Sector ETF (XLV) and see higher prices from here. The 20+ Year T-Bond ETF (TLT) has a buy signal in place.
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