• The S&P 500® closed higher by 0.29% and achieved a new all-time closing high
• All four major U.S. equity indices have a bullish intermediate posture according to the Market Forecast technical indicator
• The Russell 2000 closed lower by 0.58% today, but it has a bullish intermediate confirmation signal due to its rising intermediate line along with the momentum line in the lower reversal zone
• The Dow Jones Industrial Average is the only major U.S. equity index to not have a “3 Green Arrows” signal
• Assuming it doesn’t fall dramatically to end the week, the Russell 2000 is in the midst of a potential golden cross using the 10 week and 40 week moving averages
• Despite the constant geopolitical noise, the VIX suggests that traders are not overly fearful currently; it fell 8% today and is near 3-month lows
• Gold was up over 1% today and U.S. government bonds rose yet again; the 10-year Treasury interest rate is at a multi-month low of 1.97%
• Most foreign stock markets have bullish intermediate postures with the exception of Mexico; the strongest trend comes from Russia
• The interest rate-sensitive sectors led today’s rally; Utilities and Real Estate were the only two sectors up over 1%
• The most recent Sector Selector showed that defensive sectors lost some footing and cyclical areas outside of Energy scored relatively well
• Our trade application example featured a buy stop to open (with an OCO bracket exit order) on Newmont Goldcorp (NEM) if it breaks out of the sideways channel it finds itself in currently

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