Market Outlook – 07/10/19
Today’s Market Outlook:
With average trading volume and range, the S&P 500® closed more than 13 points for its second consecutive gain. The intermediate posture remains strongly bullish with rising long-term Market Sentiment. Short-term sentiment improved. The near-term line made its way back into the chart’s upper half after producing a bullish near-term low (low between the 20th and 50th percentiles that corresponds to a higher low on the index itself). All the major indexes show similar patterns. The underperforming Russell 2000® still does not have rising Market Sentiment despite its burgeoning intermediate trend.