• The S&P 500® rose by 1.78% as Americans headed to the polls; it was the 2nd largest election day rally in history for that index
• The biggest winner was the small cap universe, with the Russell 2000 flipping back to a strongly bullish intermediate posture after rallying 2.91% today
• The Dow Jones Industrial Average saw its intermediate posture flip back to weakly bullish after its 2.06% rally, but it remains below its 30-day moving average
• The NASDAQ Composite and S&P 500 continue to have a strongly bearish intermediate posture at this moment
• 90% of the components in the S&P 500 closed higher today
• The Russell 2000’s rally was strong enough to see red arrows switch to green arrows on its 30-day moving average and Stochastic indicator
• Interest rates continued their march higher and Long-Term U.S. Treasuries continue to have a strongly bearish posture
• The U.S. Dollar has been giving mixed/sideways signals lately, which has caused a similar reaction in gold
• Emerging markets struggled on a relative basis today; potentially due to the surprise halting of a major Chinese fintech IPO
• Materials, Industrials, and Discretionary continue to be the leaders on the Sector Selector ranking system
• Energy was the only sector to close lower today; Industrials and Financials both closed higher by over 2%
• Our trade application example featured selling an iron condor on the SPDR Health Care ETF (XLV) due to it currently trading in the middle of a trading range that has been established over the previous 6 months

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