Thursday, April 30, 2020

#Sentiment Review $SPX

The old American idiom of a day late and dollar short is an phrase easily applied to majority's ability to time (buy or sell) US stocks. The majority, influenced more by instinctual behavioral tendency of the individual to seek acceptance of an emotionally-driven crowd than act independently in the minority, views rising and falling stocks prices as bullish and bearish. This tendency that drives them chase when probabilities favor fading relegates the majority as the consistent bagholders of history's panics and trend changes.

Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.”, John Templeton

Subscriber Comments

Headlines like Stocks are headed for their best month in decades, yet most of Wall Street hates this rally remind us Wall Street hates this rally. The disciplined trader must recognize the difference between fact and BS, or they will forever chase their tails in a game dominated by misdirection and pump and dump. Does everyone hate this rally?

Download the Matrix and look at WAS and WASo (lines 52 and 53, column H of Trends Tab)

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