A Glimmer of Light for the Rank and File Stocks
As I got back into it following my return from vacation, I began to notice that the statistics are showing improvement for the “others.” Could they be about to make a turn for the better?
As I got back into it following my return from vacation, I began to notice that the statistics are showing improvement for the “others.” Could they be about to make a turn for the better?
While I’m away on vacation for the next two weeks, here are four charts you should be watching.
The problem is that people just don’t think the market can fall more than 5-10%. Which means that it can.
It’s hard to be either bullish or bearish on the entire market right now, but selectively, there are some great trades to be made.
Finally, investors started to show some concern on Thursday, but by Friday, they were back and getting excited about the semis, which concerns me.
Looking at two key sentiment surveys, we finally see a bit of a change. Investors are turning worried.
As the market nears oversold, one Wall Street strategist has cut his year-end target on the S&P 500 by more than a little.
Perhaps we’ll get a change in direction following the Fed’s press conference tomorrow. Until then, this market feels complacent, which is not productive.
Something has got to change and I think it will happen sooner rather than later.
Not much changed on Friday. The market is oversold, while sentiment is complacent. We could rally, and a stock I recently recommended could follow.