Long-term Stock Setups with some Themes to Consider for 2020

Today’s setups feature long-term charts and some big trends to watch as we head into 2020. I am also noting themes on some of the charts. In particular, the Amazon theme is AWS, cloud and its growing delivery business, which is expected to be bigger than UPS or FDX by 2022. The Crown Castle theme is the need for more cell towers with the 5G build out. These themes could drive prices in the coming months or years, but keep in mind that themes are still fundamental assessments. Price still rules the roost here! Don’t fall back on the theme when price action suggests otherwise.

Holiday Scheduling

The NYSE and Nasdaq will close at 1PM ET on December 24th (Tuesday) and close completely on December 25 (Wednesday). Volume levels will be light next week and I do not expect much change in the overall patterns at work. This is a good time for all of us to spend some time with friends, family and loved ones. Next week TrendInvestorPro will only publish on Friday (December 27th). I will publish a condensed version of the ETF Grouping and Ranking Report, update the ChartBook and provide a video that day. Merry Christmas!!

Thanks for tuning in and have a great weekend!

-Arthur Hill, CMT
Choose a Strategy, Develop a Plan and Follow a Process

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