Market Outlook – 04/17/18 – Brandon Van Zee
The S&P 500® was up 1.07% today on the back of some standout earnings reports from companies such as Netflix(NFLX) and United Healthcare(UNH). Its intermediate posture remains bullish. The Market Sentiment line is also now bullish after declining since late January. The near term line is back in the upper reversal zone. Bullishness was exhibited across all four major U.S. indices. Today’s standout performer was the NASDAQ®, which was up 1.74%. Interest rates fell, which boosted the shares of stocks in the Utilities and Real Estate sectors.
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