Today’s Market Outlook:
On another day of light trading volume and small trading range, the S&P 500® closed eight points higher to finish another positive week. As a result, its intermediate posture and long-term Market Sentiment remain strongly bullish. Also, short-term sentiment looks improved with the momentum line rising and short-term sentiment re-entering overbought territory. All the major indexes have similar patterns on their respective Market Forecast charts with the Russell 2000® now showing rising Market Sentiment that is close to climbing back above the 60th percentile.