My guess is that a short-term uptrend has started, but I am not ready to make the call quite yet with a couple of themajor indexes still below their 50-day average.

Much healthier new highs/ new lows in today's market. New 52-week lows diminished to a harmless level, and new highs perked up.

The ultra market-sensitive Package Index showed a key reversal yesterday on high-volume, and it hinted at today's strong market.

As reported by VIX-Squared on Twitter, the Investor's Intelligence Newsletter Writer's Sentiment shows 43% bulls. From a contrarian's point-of-view, this is a good time to be looking for a market rally.

Outlook Summary:

The long-term outlook is cautious.
The medium-term trend is down.
The short-term trend is down. Looking for the next short-term uptrend.

The medium-term trend for bond prices is down.

Investing Themes:

Medical Products
Energy
Cyber Security
Payment Processors

Strategy:

Buy large cap stocks and ETFs on pullbacks of the medium-term trend.

Buy small cap growth stocks on break outs to new highs during short-term up trends.

Stop buying when the short-term trend is at the top of the range.

Take partial profits when the uptrend starts to struggle at the highs.

Never invest based on personal politics.

MON Sector Strength - TUE Rates - WED Medium-Term - THU Commodities Currencies - FRI Sentiment - SAT Longer-Term