• The S&P 500® fell by 0.20% and came just short of hitting a new all-time high once again
• The NASDAQ Composite was today’s only winner (+0.27%); the Dow Jones Industrial Average was today’s laggard (-0.29%) partially due to Cisco’s sharp sell-off
• All four major U.S. equity indices have strongly bullish postures; bullish intermediate confirmation signals exist for the Dow Jones Industrial Average and Russell 2000
• The NASDAQ is the only major index to not have a “3 Green Arrows” signal
• All four major U.S. equity indices have golden crosses on the 10/40 weekly moving average crossover method
• The Momentum factor lost some steam over the past week and fell from the top ranking on the Factor Selector, but it was the only factor to close higher today
• The Value factor currently has a bullish intermediate confirmation signal
• The U.S. Dollar fell again today and remains with a strongly bearish intermediate posture; gold vaulted 2.36% and produced a CAHOLD bounce
• Bonds have broken down below their rising 30 day moving averages in most cases as interest rates have surged over the past week
• Preferred stocks continue to trend nicely higher
• Communications and Technology were the only two sectors to finish in the green today
• Energy was the day’s worst performer(-1.94%); Real Estate was the second worst performer(-1.16%) and now has a weakly bearish intermediate posture
• Our trade application example featured selling a put on Bank of America (BAC) due to its bullish intermediate confirmation signal and strong buying support from Warren Buffett

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