• The S&P 500® rallied 1.42% and reclaimed its 30 day moving average; it once again has a bullish intermediate posture according to the Market Forecast indicator
• Today’s star performing index was the NASDAQ Composite (+3.69%); however, it retains its bearish intermediate posture and is still below its 30 day moving average
• 90% of the NASDAQ 100 components finished in the green; a stark contrast to only about half of the S&P 500 components to make that claim
• The Dow Jones Industrial Average hit a new all-time intraday high, but then finished flat (+0.10%); it continues to have a bullish intermediate posture
• The Russell 2000 closed higher by 1.91%; it’s now back above its rising 30 day moving average and once again has a bullish intermediate posture
• The Dow Jones Industrial Average has a “3 Green Arrows” signal; the NASDAQ Composite has a “3 Red Arrows” signal
• The U.S. Dollar and Treasury interest rates fell today, which encouraged gold to bounce higher by over 2% off of its recent oversold cluster signals
• Emerging markets outperformed today with a 2.2% bounce, but continue to have a strongly bearish intermediate posture
• Bitcoin rose a touch and remains in a strong upward trajectory as it continues to trade above $50,000
• Oil fell for the second straight day, but continues to have one of the strongest charts among the various asset classes
• Energy was the worst performing sector today (-1.75%), but continues to be the strongest over the intermediate term
• Energy ranked #1 on the Sector Selector tool and Technology’s rank slipped one slot, week-over-week
• Consumer Discretionary was the best performing sector today (+3.78%), largely due to an extremely strong day from Tesla (+19.6%)
• Technology is the only sector that has a bearish intermediate posture, despite being up 3.4% today
• Our trade application example featured buying shares in Core Laboratories (CLB) after it outperformed its peers today when it achieved a new 52-week high; it also features a strong top-down ranking by belonging to the top sector and industry on our Stock Selector tool