• The S&P 500® finished flat and retained its bullish Market Forecast intermediate posture; it was a similar story for the Dow Jones Industrial Average and the NASDAQ Composite
• The Russell 2000 is acting a bit differently than the other indices; it closed lower by 0.57% today and now has a weakly bearish intermediate posture
• The S&P 500 and NASDAQ Composite both touched fresh 5 month highs on an intraday basis; they both continue to exhibit “3 Green Arrows” signals as well
• The Russell 2000 remains the only index without a 10-40 week moving average “golden cross”
• The U.S. Dollar is now trading below its rising 30 day moving average, however its pattern of higher highs and higher lows remains in tact for the time-being
• Gold, Agriculture Commodities, and Crude Oil have bullish intermediate postures; the Crude Oil chart appears to have the strongest trend of those three
• Stock markets in India, China, Germany and United Kingdom have strongly bullish intermediate postures and are trading near multi-month highs; South Africa remains a laggard
• The Communications sector was pressured by Media stocks today and the Industrials sector is likely to suffer from the FedEx (FDX) earnings report tonight after the bell
• The Technology sector continues to be a bright spot; it closed higher today and reasserted itself into the top-ranked slot on the Sector Selector tool
• Our trade application example featured selling a bull put spread on Salesforce.com (CRM), which has bounced back above its rising moving average recently

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