Today’s Market Outlook:

Today, the S&P 500® continued its losing streak with a 40-point loss on above-average trading volume. The intermediate line is still dropping through neutral territory with strong bullish long-term Market Sentiment. The momentum and near-term lines are dropping with the momentum line hitting oversold levels and near-term line dropping after only spending one day in bullish territory without hitting the upper-reversal zone. The Dow Jones Industrial Average is showing a strong bearish intermediate posture with subdued short-term sentiment. The intermediate line for the Russell 2000® turned slightly higher but has not crossed above the 60th percentile yet as the index finished back above its six-week moving average.