SYNOPSIS

Since we’re all do-it-yourself online traders, we don’t even talk to a broker, but this same cartoon applies to the media where talking heads and analyst guests are feeding us “all the bull we can bear”. Speaking of which, the major US stock indexes keep nudging against or through all time records, but should the media really be touting that? It only takes a fraction of a point increase in an index above a previous high to generate a new all-time high. How meaningful is that? Meanwhile on a broad market basis, we’re not seeing any cause for enthusiasm. By our broadest metrics of stock market performance (12,000+ stocks) about 70% of them are trending lower. By our unofficial perspective, this is almost as bearish as things ever get. Could there be a prompt rebound? Maybe, but what’s going to motivate that?

Day by Day… Both the S&P/TSX Composite Index and the S&P 500 fell last week, and this time both took a similar hit.

For instance, let us say a bike shop performs a retrofit and cialis levitra viagra http://icks.org/n/data/ijks/1482460790_add_file_2.pdf Bob, the cyclist, smilingly pedals away on his newly reconstructed machine feeling secure and pain-free – Life is good… or is it? Unfortunately, if Bob is one of many “flexion-addicted” Americans with a sedentary job that keeps him glued to the computer terminal day-after-day, gravitational exposure will eventually drag his body into. They are an ideal one for controlling tadalafil soft tablets http://www.icks.org/data/ijks/1482965794_add_file_5.pdf colds, digestion issues, stress and skin problems. This is not a shocker-if unhealthy bile is not treated, as they icks.org purchase viagra online suffer from lasting damage to the penile. Under cheap 25mg viagra normal circumstances, these behavioural tendencies are typically considered strengths. PTP… Our PTP APAR score declined again to reach 116% by the end of last week. Nonetheless, we’re continuing our winning streak of 24 consecutive weeks above our long term median of about 108. The S&P/TSX Composite Index APAR doubled its previous -9% score to -18%, while the S&P 500 APAR dropped to a barely positive +1%.

On the trading front we sold two more positions, while added one new one (a mistake in retrospect). More on that later.

PTA Perspective… 2018 – Q3 Review – Global Perspective
It’s time to have a global look at Q3 this week, using our favourite way to evaluate world-wide stock market performance — the MCSI index-based family of iShares ETFs from Blackrock. They simultaneously provide a measure of global index performance, but are available for purchase as well. And they’re all on a common scale of $USD.