Stocks Look Euphoric Again—and History Says a Pullback May Be Next
Bullish sentiment is surging across key indicators, and similar setups recently led to fast S&P drops. This market may be due for a shakeout.
Bullish sentiment is surging across key indicators, and similar setups recently led to fast S&P drops. This market may be due for a shakeout.
Dell is flying on AI demand while Costco struggles with high oil prices.
I’m reducing some positions, but adding this highly speculative, low-priced data center name.
Let’s talk about the chart patterns of some key stocks, including Walmart, which is starting to look like Microsoft stock from last November.
Today saw a rise in new highs on the NYSE, but there were still about 20% fewer than just two weeks ago.
TheStreet Pro has started a weekly survey of our contributors in order to aggregate their thoughts and opinions on the market.
It’s still an either/or market with money flowing into the tech leaders, but not the others.
The market continues to follow the sentiment cycle chart, and it appears that we’re currently at ‘anxiety’.
I’m still expecting the market to reach oversold levels sometime after Memorial Day.
It’s likely that they’ll get there, but probably not until next week.