Quantified Funds 1/27/20

U.S. equity markets posted losses in all three indexes last week. The NASDAQ Composite lost 0.79%, the S&P 500 lost 1.03%, and the Dow Jones Industrial Average lost 1.22%. Three of the 11 sectors were up last week; Utilities posted the largest gain at about 2.40%....

Gold continues its uptrend

Last week, gold prices broke out of their recent consolidation, a classic “pennant” formation (see the following chart). Prices resumed their uptrend and closed the week at $1,571.90 per ounce. This breakout sets the stage for a test of the recent high of $1,630 per...