• The S&P 500® fell by 0.26% but continues to have a bullish intermediate posture according to the Market Forecast technical indicator
• The Russell 2000 was the day’s biggest surprise, finishing higher by 1.06% on an above-average daily range
• All four major U.S. equity indices have bullish intermediate postures and bullish Market Sentiment postures
• Only the Russell 2000 currently has a “3 Green Arrows” signal
• From an intermarket analysis perspective, foreign bonds, preferred stocks, and gold have attractive bullish trends
• Agriculture commodities have a bearish intermediate posture, but now have oversold cluster signals so perhaps a small bounce is overdue; the U.S. Dollar remains strong
• REITs and Crude Oil both produced solid days and closed above their 30 day moving averages
• From an international perspective, only stocks in Australia and Israel have bullish postures; the weakest charts come from Mexico, India, Germany, and the United Kingdom
• In the United States, the Staples have a strong trend but they haven’t been consistent enough over the last half year to work their way into the Top 3 rankings on the Sector Selector; the Energy sector had a rare day of outperformance as it finished up by over 1%
• Our trade application example featured rolling our long call on Starbucks (SBUX) for the fourth time since entering into that leveraged trade 13 months ago

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