# More Gains in the Cards - Market Update from QuanTimer for June 20, 2019 **URL:** \ **Category:** Trading and Markets\ **Created:** [June 20, 2019, 7:11am UTC](https://forums.collective2.com/t/more-gains-in-the-cards-market-update-from-quantimer-for-june-20-2019/13090 "2019-06-20T07:11:23Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![quantimer\_dot\_net](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/quantimer_dot_net/32/1487_2.png) [@quantimer\_dot\_net](https://forums.collective2.com/u/quantimer_dot_net)\ **Post date:** [June 20, 2019, 7:11am UTC](https://forums.collective2.com/t/more-gains-in-the-cards-market-update-from-quantimer-for-june-20-2019/13090/1 "2019-06-20T07:11:23Z")
**General Market Update** The equity market finished higher yesterday with S&P500 rising 0.30% and Nasdaq composite 0.42%. The market was subdued or rather on a holding pattern until 2PM, when the FOMC statement was released. The Federal reserve left the rate unchanged, but hinted that rate cuts could be in the offing. Market breadth was positive with advancing issues outpacing declining issues 17:11 on the NYSE and 18:13 on the NASDAQ. Healthcare and Information Technology outperformed along with rate sensitive sectors like Utilities and Real Estate. ![image](https://canada1.discourse-cdn.com/flex028/uploads/collective2/original/2X/1/1d3cd79ab09fea707430c5f7f4a1972cf952585f.png) Sector performance on June 19, 2019. Source: Barchart **Fed Watch** The Federal Reserve left the funds rate unchanged as expected, at 2.25%-2.50%. The Federal Open Market Committee removed the word “patient” regarding future rate adjustments from its statement, indicating it is more likely to cut interest rates at future meetings. It also mentioned that it would be closely monitoring the data. This is exactly what we had anticipated. MarketWatch reports: [Stock market gains after Fed removes ‘patient’ from policy statement](https://www.marketwatch.com/story/stock-market-gains-after-fed-removes-patient-from-policy-statement-2019-06-19?mod=newsviewer_click_seemore) [FOMC holds Fed funds rate steady, will ‘closely monitor’ data](https://www.marketwatch.com/story/fomc-holds-fed-funds-rate-steady-will-closely-monitor-data-2019-06-19?mod=newsviewer_click_seemore) And what did we write on Tuesday? The following two sentences were part of our ‘Conclusion’ in our Tuesday’s article. “We expect the Fed to hold the rate, but change the words of the statement. The statement will be dovish. Most likely, the word ‘patient’ will be replaced by ‘closely monitoring’ or something of that nature.” **Ratcheting up the stop loss** QuanTimer market stance is bullish at present. Please review our market outlook in an earlier post here - > [@Current Market Outlook from QuanTimer - June 13, 2019](https://forums.collective2.com/t/current-market-outlook-from-quantimer-june-13-2019/13044): > > One of the Most Crucial Factors for the Stock Market The stock market is always moving under hundreds of factors. However, there is one factor that happens to be the most sensitive for an equity investor. It is the interest rate. Fluctuation in the interest rate has an immediate impact on the market for three main reasons. It changes valuation of a company. The intrinsic value of a company depends on all future cash flows discounted to the present value. Without exploring the details of … While we remain bullish in S&P500 and Nasdaq broad indices, we also try to protect ourselves with stop loss and tailing stop loss orders. In one of our base models that is based on SSO, the current stop loss is set at 119.53. The position was opened on June 3rd at 110.66, and SSO closed yesterday at 125.20. _Terms of Use/Disclaimer_ _The information presented here is the property of QuanTimer and is protected by applicable copyright, intellectual property laws. No permission is granted to the readers of this forum to copy and distribute the content without prior written consent of QuanTimer. The analyses provided by QuanTimer are believed to be accurate and written in good faith, but no representation or warranty is made as to their accuracy. We do not guarantee profitability of any investment strategies discussed in our blog posts, or their suitability for your purpose. You bear the sole responsibility for your investment decision._ ![image](https://canada1.discourse-cdn.com/flex028/uploads/collective2/original/2X/5/509032e81f0b4b7dd5dbf5d95e279b0f28f7f8a4.jpeg) ---
**Author:** ![kktrader](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/kktrader/32/238_2.png) [@kktrader](https://forums.collective2.com/u/kktrader)\ **Post date:** [June 20, 2019, 8:43am UTC](https://forums.collective2.com/t/more-gains-in-the-cards-market-update-from-quantimer-for-june-20-2019/13090/2 "2019-06-20T08:43:37Z")
Thanks for sharing your ideas. As regards your comment on Tuesday, you were right on the money. 👍 ---
**Author:** ![VG2](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/vg2/32/238_2.png) [@VG2](https://forums.collective2.com/u/VG2)\ **Post date:** [June 20, 2019, 2:38pm UTC](https://forums.collective2.com/t/more-gains-in-the-cards-market-update-from-quantimer-for-june-20-2019/13090/3 "2019-06-20T14:38:58Z")
Good call on the Fed. ---
**Author:** ![quantimer\_dot\_net](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/quantimer_dot_net/32/1487_2.png) [@quantimer\_dot\_net](https://forums.collective2.com/u/quantimer_dot_net)\ **Post date:** [June 24, 2019, 3:53am UTC](https://forums.collective2.com/t/more-gains-in-the-cards-market-update-from-quantimer-for-june-20-2019/13090/4 "2019-06-24T03:53:25Z")
**Investors Still Lukewarm with S&P500 at an All-Time High** The percentage of bullish investors is below the historical average, while the percentage of bearish investors is right at the average. ![image](https://canada1.discourse-cdn.com/flex028/uploads/collective2/original/2X/6/68eba631be2ab2e0872e45538e9a51bb329826f8.jpeg) Source: American Association of Individual Investors CNN Business Fear and Greed Index is at neutral. ![image](https://canada1.discourse-cdn.com/flex028/uploads/collective2/original/2X/e/e11ca6195bfddac1007061ff1816e5c58970f497.png) Source: CNN Business. These are contrarian indicators. We continue to remain bullish in the current market. Happy Trading. QuanTimer.