Close this search box.

Q3 2019 Weathers China, Hong Kong and Ukraine News

The S&P500 and Nasdaq Composite hung tight in the 3rd quarter of 2019 with the S&P500 rising 1.19%* while the Nasdaq gained 1.23%*.  (* percentages listed without dividends)

These tame returns masked a more volatile quarter of price swings that featured three sharp declines in the middle of the quarter with the worst one falling (-6.80%) on S&P500 and (-8.11%) on the Nasdaq . While the major indexes rallied in the last half of the quarter, they faded into its end and in the process failed to make a new high. This price action sets up the possibility of a “sub-peak” and puts the finishing touches on a possible ominous “head and shoulders” pattern. Be that as it may, the stock markets uptrend, which started in January and was confirmed in May with a “higher low,” is still intact.

Remember to keep checking our “Current Market Outlook” section for important technical updates on the market as 2019 progresses.

Have a Triumphant day! ®

The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice. ©2019 Triumphant Portfolio Management, LLC.

The Latest

Triumphant News