SentimenTrader Blog - Page 2


2020-07-01 | Jason Goepfert | Basic

U.S. companies have been raising their profit outlooks over the past month, in some respects to a record degree. Wall Street analysts have been upwardly revising their earnings estimates and price targets, too.

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2020-07-01 | Troy Bombardia | Premium



2020-07-01 | Troy Bombardia | Premium



2020-06-30 | Jason Goepfert | Basic

Wall Street strategists have been slow to increase their year-end price targets for the S&P 500. Through the end of June, their current price target is tied for the lowest in 20 years. There is wide variability among the price targets, showing a lot of confusion. Overall, they're not giving the S&P much room to rally over the next 6 months, which has tended to be a good sign.; By the end of last week, the S&P 500 hit an overbought reading according to the popular stochastic technical indicator. This is unusual because volatility was still high, with the VIX above 30. The combination of a high stochastic and high VIX has preceded gains in stocks over the next 6-12 months.

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2020-06-30 | Jason Goepfert | Basic

Wall Street strategists have been slow to increase their year-end price targets for the S&P 500. Through the end of June, their current price target is tied for the lowest in 20 years. There is wide variability among the price targets, showing a lot of confusion. Overall, they're not giving the S&P much room to rally over the next 6 months, which has tended to be a good sign.

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2020-06-30 | Jason Goepfert | Lite

Gold has suffered only a small drawdown in 2020 while enjoying big gains. That has triggered some big short positions from "smart money" hedgers.

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2020-06-30 | Jason Goepfert | Basic

By the end of last week, the S&P 500 hit an overbought reading according to the popular stochastic technical indicator. This is unusual because volatility was still high, with the VIX above 30. The combination of a high stochastic and high VIX has preceded gains in stocks over the next 6-12 months.

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2020-06-30 | Troy Bombardia | Premium

The U.S. stock market has gone through a period of calm after experiencing extreme volatility. Meanwhile, the NASDAQ ended one of its longest short term uptrends in history.

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2020-06-30 | Troy Bombardia | Premium



2020-06-29 | Jason Goepfert | Basic

So far in 2020, gold has suffered only a minor drawdown relative to its gains. That kind of momentum this far into a year tends to keep going. There are some worrying signs like speculators in gold futures and fund inflows, during what tends to be a flat time of the year for the metal. But it points to higher prices later in the summer.; The McClellan Summation Index has curled down from an extremely high level, after holding above it for weeks. This kind of high, positive, and protracted momentum underlying the market has had a consistent tendency to lead to higher prices over the next 6-12 months.

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