Weekly Sentiment Survey: Bulls and Bears in Equal Measure
While our team overwhelmingly continues to feel that risk is high, they’re not in agreement regarding what to do about it.
While our team overwhelmingly continues to feel that risk is high, they’re not in agreement regarding what to do about it.
Micron’s earnings beat might just negate the bearish island patten that formed earlier this week. Here’s what to watch for.
This remains an either/or market. But the semis are at an important point and we’re watching to see if they can rally here.
Sure, the Nasdaq traded 15 billion shares. But the action was concentrated in the Semis, as expected, and a penny stock, not expected.
There’s been a lot of movement among individual names since May 6th, but the major indexes have nothing to show for it.
This week, the team seems a little more mixed. But still, worries abound.
It’s simply not a good sign when the number of new lows breaks 200.
There’s lots to love about the stock market right now. And many things to be concerned about.
It’s an either/or market, and you’re either in the favorite names or you might own something on the expanding new lows list.
We got that rally last week, but under the surface, there are worrying trends.