Update on Current Market Conditions - January 25, 2019
2018's Christmas rally came late, with equity markets bottoming on Christmas Eve and subsequently sustaining a furious thirty day rally. Most of your equity holdings finished the year in rally mode and also reflect attractive gains here in January. 
We are in the middle of 4th quarter earnings season. This week, we have seen sizeable price rebounds from some members of the technology sector, which happened to lead the markets down last year. 
Next week will see earnings reports from notable equity names such as Apple, 3M, Caterpillar, and several semiconductor companies. With January's opening rally pushing equity prices up towards significant resistance, next week should tell us if we're going to have a breakout through that technical resistance, or if we pull back to test December's lows. 
We'll keep you posted. 
GWW Signature 
Gary W. Wood, CFP®,
President, BDC Capital Management, Inc.


**The information contained in this newsletter does not purport to be a complete description of the securities, markets, or developments referred to in this material.  The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete.  Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation.  Any opinions are those of  BDC Capital Management, Inc.  Expressions of opinion are as of this date and are subject to change without notice.  BDC Capital Management may in the normal course of business have a position in any securities mentioned in this newsletter.  Any stock price mentioned is quoted as of the date of this newsletter.  This information is not intended as a solicitation or an offer to buy or sell any security referred to herein.  Investments mentioned may not be suitable for all investors.  Past performance may not be indicative of future results.  Keep in mind that individuals cannot invest directly in any index.  Gold is subject to the special risks associated with investing in precious metals, including but not limited to:  price may be subject to wide fluctuation; the market is relatively limited; the sources are concentrated in countries that have the potential for instability; and the market is unregulated.  There is no assurance that technical analysis or any strategy will ultimately be successful or protect against loss.

For I know the plans I have for you," declares the LORD, "plans to prosper you and not to harm you, plans to give you hope and a future.  Jeremiah 29:11 (NIV)