Market Outlook – 07/18/19
Today’s Market Outlook:
Today, the S&P 500® rose more than 10 points on slightly above-average trading volume and range. Not surprisingly, the intermediate posture remains strongly bullish with rising Market Sentiment – almost boring in its slow consistency. Short-term sentiment showed some improvement with a bounce out of oversold territory. The near-term line did not fall nearly as much on the Dow or NASDAQ. The Russell 2000® also showed improved short-term sentiment but also still shows a weak bearish posture with falling Market Sentiment. Stocks will have a hard time making strong moves without broad participation.