Barometer Capital

David Burrows’ Market Update, November 5, 2018

“What’s on the other side of the wicked season.”
(six-minute video)

Barometer’s President and Chief Investment Strategist, David Burrows, with a short-term market update

Some of David’s key points include:

  • Following a “wicked” down month, we saw the percentage of stocks trading above the 50-day and 150-day moving averages turn higher.
  • The universe of optionable stocks in the U.S. has turned up, giving an initial buy signal for U.S. equities.
  • The NASDAQ — the strength among markets — was the last market to break down and the first one to reverse, showing continued leadership.
  • In Europe, both short-term and long-term indicators are now improving.

It’s important to note that many of the ETFs that we own in our Barometer Global Macro Mandate — as well as the major market indices in the U.S. — have held above the higher low from March and are turning higher.

We are headed into the seasonally strongest period of the year. Watch the complete six-minute video to hear David’s outlook for markets around the globe.

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At Barometer, we always keep a close watch on the markets and all of the factors that can drive change.

If you are an Investment Advisor or investor who is interested in learning more about investing with Barometer Capital, please feel free to contact us.

We look forward to speaking with you to discuss how our strategies may be right for you.

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