While the Market Trades According to My Plan, Sentiment Makes a Shift
We got the bounce I expected, but a change in sentiment has me rethinking the next move.
We got the bounce I expected, but a change in sentiment has me rethinking the next move.
I’ve been expecting a little oversold rally, but not with this level of concern.
The semis are wobbling and everyone is talking about Korea. No wonder we’re starting to see some concern. Just don’t call it panic.
Let’s discuss why sentiment readings have me ‘on edge’, what it would take for an oversold bounce, a formerly parabolic stock and much more.
That 12,000 level in the Semis that was once resistance is now support. Will it hold? Will the semis make way for the others to rally?
Since I recommended PayPal, it was up nicely, until today’s takeover talk, which sent shares up even more.
The NASDAQ 100 may be near new highs, but half of its constituents are down more than 20%. Let’s dig in to see what that means for the future.
While Nvidia powers higher, market breadth continues to weaken, defensive sectors are losing momentum, and several key indicators remain out of sync.
The latest in our ongoing survey of TheStreet Pro’s contributors leans bearish.
Oil was left for dead just weeks ago. Now energy stocks are everyone’s favorite trade again. But while sentiment has reversed sharply, market internals continue to flash conflicting signals that could keep investors guessing.