Daily Report : Euro area sentiment is recovering from depression; So many recoveries in trend, it's historic

A broad-based survey of business and consumer sentiment in the euro area has just now started to improve after plunging into depression. The two other times the survey started to recover from such a low level indicated long-term recoveries in euro area stocks.; A near-record number of stocks within the S&P 500 have recovered above their 50-day averages relative to their 200-day averages. The S&P index itself has moved from more than 25% below its 50-day to more than 10% above. And the S&P joined the Nasdaq as the two indexes leading the "big four" out of a major decline.

This post is available to SentimenTrader members only.

Log into your account

To view this blog post, you'll need to log into your SentimenTrader account.

Login to your account

Don't have an account?

Sign up to get RISK-FREE access to all of our indicators, models, commentary and award-winning research.

If you've never tried the service before, there is no charge for the first 30 days. Then pay as little as $1.59 per trading day for access to our award-winning research.

Not ready to signup up for a free trial yet?

Signup for our Daily Lite email to receive highlights of our daily report, research and studies.

Follow us on Twitter:

Subscribe to our Youtube Channel:

RSS Feed

Subscribe to the Blog RSS feed