Best of the Week
Most Popular
1. US Housing Market Real Estate Crash The Next Shoe To Drop – Part II - Chris_Vermeulen
2.The Coronavirus Greatest Economic Depression in History? - Nadeem_Walayat
3.US Real Estate Housing Market Crash Is The Next Shoe To Drop - Chris_Vermeulen
4.Coronavirus Stock Market Trend Implications and AI Mega-trend Stocks Buying Levels - Nadeem_Walayat
5. Are Coronavirus Death Statistics Exaggerated? Worse than Seasonal Flu or Not?- Nadeem_Walayat
6.Coronavirus Stock Market Trend Implications, Global Recession and AI Stocks Buying Levels - Nadeem_Walayat
7.US Fourth Turning Accelerating Towards Debt Climax - James_Quinn
8.Dow Stock Market Trend Analysis and Forecast - Nadeem_Walayat
9.Britain's FAKE Coronavirus Death Statistics Exposed - Nadeem_Walayat
10.Commodity Markets Crash Catastrophe Charts - Rambus_Chartology
Last 7 days
New Data Shows Shopify Was a Godsend for Mom and Pop During Coronavirus - 18th Jun 20
Low Inflation Makes Powell a Dove. How It Affects Gold? - 18th Jun 20
Stock Market Waterfall Selling in S&P 500 Is Over Now - 18th Jun 20
NASDAQ: Some Historical Insights into Tech Stocks Mania - 18th Jun 20
XLF Financial Sector Stocks ETF May Break Below Price Gap - 18th Jun 20
REOPEN THE SCHOOLS! Kids Going Crazy in Lockdown Britain, Sheffield UK - 18th Jun 20
Stock Market S&P 500 ADL Predictions - 17th Jun 20
Silver is Going to have a Sudden, Massive Move to $50 that will Suprise Everyone - 17th Jun 20
Gold Stocks Investment Strong - 17th Jun 20
Silver Tops Gold in May, Setting up a Summer Surge - 17th Jun 20
Google - Investing in Best Artificial Intelligence Stocks for 2020 and Beyond! - 17th Jun 20
AMD Ryzen XT Refresh Very BAD Value for Money - 20% Price Hike for 2% Boost, 3900xt, 3800xt, 3600xt - 17th Jun 20
8 Rules for Forex Market Beginners - 17th Jun 20
The AI Stocks Mega-trend - Moores Law is NOT Dead! - 16th Jun 20
Gold Stocks Correction and Upcoming Opportunity - 16th Jun 20
Stocks Bulls Beware: A Dark Cloud Is Forming Over Oil Markets - 16th Jun 20
AMD Ryzen Refresh Bad Value for Money - 3800xt 3900xt 3600xt Specs - 16th Jun 20
How to Clip a Budgie / Parakeet Parrot's Wings Flight Feathers: Easy Steps! - 16th Jun 20
XLF Financial Sector Stocks Under Pressure and What It Means - 15th Jun 20
For History Unfolding To Stay Informed, Watch Less TV - 15th Jun 20
Black Lives Matter Protests to Trigger US and UK 2nd Coronavirus Wave - 15th Jun 20
Staying Cautious & Staying Prepared With You Stocks Trading Account - 15th Jun 20
Silver: How to Gauge the Crowd's Mindset - 15th Jun 20
When to Sell Your AI Tech Stocks Investments - 14th Jun 20
Gold and Silver Precious Metals Sector Correction Starts as Risk On and Seasonal Factors Weigh - 14th Jun 20
What Happens When Cars Can “See”? - 14th Jun 20
Rolex Watches — a Store of Value - 14th Jun 20
US and UK Black Lives Matter Protests, Riots and Looting To Trigger 2nd Covid-19 Wave Peak? - 12th Jun 20
US Dollar Cycle Points To New All-time Highs For Gold - 12th Jun 20
Will US Labor Market Recovery Sink Gold? - 12th Jun 20
Stock Market Shift Away from Safety Begins - 12th Jun 20
Gold Silver Ratio - 11th Jun 20
When Profits and Politics Drive Science: The Hazards of Rushing a Coronavirus Vaccine at “Warp Speed” - 11th Jun 20
Gold Sad Truth - 11th Jun 20
Silver’s Apparent Recovery - 11th Jun 20
Unnatural Distortions and the Precious Metals - 11th Jun 20
Perceiving Coronavirus as a Disruptive Technology Accelerating Quantum AI Mega-trend - 11th Jun 20
A 2020 guide to Business Opp Affiliate Marketing - 11th Jun 20
What Huge US Jobs Number Means For Your Market Positions - 10th Jun 20
New Stocks Bull or Same Old One? - 10th Jun 20
Inflation ‘A mirror image of the early 1980s’ - 10th Jun 20
Trump's Final Gamble: From Chinagate to Hybrid Wars - 10th Jun 20

Market Oracle FREE Newsletter

AI Stocks 2020-2035 15 Year Trend Forecast

Stock Market ‘Sentiment Event’ Rally Grinds On

Stock-Markets / Stock Markets 2020 May 13, 2020 - 06:59 PM GMT

By: Gary_Tanashian

Stock-Markets

As we noted in March while it was happening the sentiment environment became terror-stricken. Not fearful. Not over-bearish. Not even a contrarian extreme. Market sentiment was marked by full frontal terror as indicator after indicator (ref. Sentimentrader’s historic readings week after week) got slammed to epic over-bearish proportions.

Into the breach sprang the Treasury (i.e. taxpayer) backed Federal Reserve to the rescue. As the employment numbers come in at the tragic readings that we all saw coming the bears are out there beating a drum (ah, Twitter) about why it is not right, why the Fed cannot print a bull market, why the stock market is going to make new lows and why you should avoid stocks! They have been saying this since the terror-stricken days of March and they are still saying it now.

And do you know what? The rising risk profile that we have been noting for weeks will likely paint them as being right before too long. Imagine all those ‘man who predicted a new market crash now predicts… (blah blah blah)’ headlines that we will be subjected to as the paint-by-numbers media look to feed easy answers to the public later in the year and into 2021. The bears will probably be right but here’s the thing, they have not been right for nearly 2 months now.


When I write that the market is two things 1) bullish and 2) at high risk I trust you not to over react to either of those statements. I ask you to consider and weigh them and to proceed using that information in a way that best suits your investment style. Revisiting the charts introduced a few weeks ago we see a target upcoming for SPX.

As for NDX, take a look at this. The media headlines are already talking about Nasdaq in positive territory for the year and a gap fill, which we’ve had on radar all along for this leading index, appears likely.

It does not have to make sense. It just has to be what it is. What perma-bears don’t understand during a relief rally is the same thing perma-bulls don’t understand when things fall apart. The market is going to do what it is going to do anyway, informed by not only economic fundamentals (which COVID-19 ultimately is), but also by sentiment extremes and unquantifiable layers of monetary and fiscal policy machine gunned at the stock market (they can say it’s aimed to the economy but you and I know better).

As many businesses ground to a halt and unemployment jumped to 14.7% (and that’s only what is counted) the stock market is supposed to go down. Or so many people think.

The stock market, AKA the product of millions of humans’ and machines’ responses to sentiment and technical markers, is only supposed to do something. Not go up. Not go down. Something. Currently it is approaching logical targets with the S&P 500’s SMA 200 overhead and the leading Nasdaq 100’s gap up there close to all-time highs (can you imagine those headlines?).

The only logical response is to remain unbiased, open-minded, aligned with the probabilities and ready for what the market delivers. It is no accident that NFTRH’s view has been Tech-intensive and in particular, ‘remote work/communication/collaboration’ Tech-intensive. We’ve been highlighting those areas for months. But risk continues to rise. We should manage accordingly.

Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas, all archived/posted at the site and delivered to your inbox.

You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar and get even more by joining our free eLetter. Or follow via Twitter ;@BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.

By Gary Tanashian

http://biiwii.com

© 2020 Copyright  Gary Tanashian - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Gary Tanashian Archive

© 2005-2019 http://www.tssmoney.com - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules

两个人做人爱视频大全-两人做人爱费视频试看