• The S&P 500® fell 0.48% after digesting yesterday’s rally due to positive additional COVID19 vaccine data; it closed today with a bullish intermediate confirmation signal
• The stalwart of the equity markets today was once again in the small cap universe; the Russell 2000 finished higher by 0.37% and achieved a new all-time high
• The Russell 2000 had an overbought cluster signal yesterday due to so much strength
• All four major U.S. equity indices have strongly bullish intermediate postures and “3 Green Arrows” signals using daily aggregation charts
• Technology and Communications(“lockdown” beneficiaries) fell in the most recent Sector Selector rankings and “reopening” sectors like the Financials and Real Estate improved
• There’s been major rush of money into foreign markets after the vaccine announcements, with both Developed and Emerging markets now outperforming the United States
• The U.S. Dollar continues to have a strongly bearish posture; oil remains above its 30 day moving average
• Utilities and Health Care were today’s worst sectors; Energy and Real Estate were the best
• With the exception of China, the stock markets of all major international economies have bullish intermediate postures
• Our trade application example featured buying a bear put spread on Activision Blizzard (ATVI) due to its recent relative underperformance, clearly defined downtrend, and today’s long upper shadow where it rejected a key resistance area

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