The S&P 500 Index finished essentially flat on Tuesday (-0.06%) but did hit an all-time intraday high earlier in the session.
The NASDAQ Composite achieved an all-time closing high; the Dow Jones Industrial Average hit an all-time intraday high.
All four major U.S. stock market indices have strongly bullish intermediate postures according to the Market Forecast technical indicator.
The S&P 500 and Dow Jones Industrial Average ended the day with bullish intermediate confirmation signals; however, neither would be considered ideal set-ups because the Near-Term line hasn’t pulled back enough.
Only the S&P 500 and Dow Jones Industrial Average currently have “3 Green Arrows” signals.
All four major U.S. stock market indices have bullish 10-40 weekly moving average crossover signals.
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Stock Market Video – November 19, 2019
10 Year U.S. Treasury yields fell for the 5th time in the last 6 sessions today and ended at 1.78%; REITs have been up 5 days in a row as a result.
Foreign developed markets have a stronger posture than foreign emerging markets.
The Utilities and Real Estate sectors have bounced back up to their falling 30 day moving averages in recent sessions; a drop from here wouldn’t be surprising due to that resistance.
The Technology and Health Care sectors had big improvements in the most recent Sector Selector rankings.
Our trade application example featured selling puts on Twitter (TWTR) now that it has produced a weekly oversold cluster signal for the first time in over a year.
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