Dumb money apparently thinks that now that Trump is making a few sounds about making nicey nice with some trade partners, all’s well again. Dumb money is gulping down stonks even more aggressively now, while Smart money is fading. A degrading contrary-sentiment picture here.
Sentimentrader.com
A degrading contrary-sentiment picture here!
cnn.com
Here again are the 7 components of CNN’s Fear/Greed index. Put/Call ratio is labeled “fear”, but it is heading greedily south quickly. The same can be said of volatility.
This market is no longer sporting any sort of contrarian sentiment benefit.
Investment managers spiked with the bull activity in prices, as we knew they would.
naaim.org
Ma & Pa were creeping more toward bullish on May 7.
aaii.com
As noted above, over-bearish sentiment benefit, which was like shooting fish in a barrel back in March-April, is all gone. The stock market needed a shot of hope and relief; it got it, and now it’s on its own… and is becoming vulnerable, conveniently as major indexes tick the underside of clear resistance, as was also illustrated in NFTRH 862.
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Subscribe to NFTRH Premiumfor an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. About NFTRH
Gary Tanashian of nftrh.com successfully owned and operated a progressive medical component manufacturing company for 21 years, keeping the company’s fundamentals in alignment with global economic realities through various economic cycles. The natural progression from this experience is an understanding of and appreciation for global macro-economics as it relates to individual markets and sectors.
Biiwii.com (RIP 2019 as there were just not enough hours in the day for two websites) was created in 2004 as a way to help communicate a message about deeply rooted problems with too much debt and leverage within the inflated financial system. Our concerns were confirmed and our message justified in 2007 as the system began to purge these distortions, resulting in a climactic washout extending from October, 2008 to March, 2009.
But the URL ‘biiwii.com’ came from the old saying ‘but it is what it is’ and this sentiment addressed the need to remain impartial about the markets, despite personal beliefs. Over the long-term, the world changes and any successful market participant should be ready to accept changes or revisions to a given plan.
Geek-like interests in technical analysis and human psychology, and various unique macro market ratio indicators were added to the mix, with the result being a financial market report, Notes From the Rabbit Hole (NFTRH), combining these attributes to provide a service that is engaged and successful in all market environments.
Since 2004 our work has been featured at financial websites including GoldSeek and SilverSeek.com
