Friday, November 12, 2021

#Sentiment Review $SPX

Sentiment Review
The old American idiom, a day late and dollar short, is a phrase easily applied to the 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 to chase when probabilities favor fading relegates the majority to being the bagholders of panics and trend changes.

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

Subscriber Comments

Sentiment has been in bear phase for months. This has kept the market's intermediate trend in consolidation. The bullish uptick in sentiment has flipped LTSO up (Line 53, Column I). The stock market's intermediate trend is now in bull phase. Overall bull phases are defined by bull phases in both the sentiment and VIX models.

The stock market bears have been officially warned by the invisible hand on 11/11/21. Most will not listen, so the 2x4 will become the teacher.

Sentiment Model Oscillator

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