after market update: actual S&P +9.7 (+0.57%); Nasdaq -4.3. Market were up over 1% at open, as a gunman stormed the Naval Ship Yard in Washington D.C. They went sideways and dropped to lose half their gains by closing.
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Overview: Climax is afoot; trend change at hand. Today's social mood and news signals taken from the entire weekend show a surge of direction, countered by hesitancy and mixed feeling. At the time of this posting, futures are way up, apparently due to Summer's withdrawal from consideration as a Fed chair. Yet, both mood and news signals do not support a smooth ride. The mood is clearly topping and getting shaky. The markets should turn down from their highs at some point in the session, and possibly even end the day in the negative. The call for today therefore, is nearly unchanged in spite of the large rally going into the opening.
Longer term outlook: The social mood trend has turned positive within a larger downward trend. The positive bounce has near run its course; resuming of the larger downtrend is near.
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Overview: Climax is afoot; trend change at hand. Today's social mood and news signals taken from the entire weekend show a surge of direction, countered by hesitancy and mixed feeling. At the time of this posting, futures are way up, apparently due to Summer's withdrawal from consideration as a Fed chair. Yet, both mood and news signals do not support a smooth ride. The mood is clearly topping and getting shaky. The markets should turn down from their highs at some point in the session, and possibly even end the day in the negative. The call for today therefore, is nearly unchanged in spite of the large rally going into the opening.
Near term outlook: The social mood pattern corresponds with directed action or violence. Common news events associated with the current pattern are geopolitical escalation, terrorist activity, and disasters.
end of day update: today's themes in the news--
Longer term outlook: The social mood trend has turned positive within a larger downward trend. The positive bounce has near run its course; resuming of the larger downtrend is near.
Today's Market Outlook is Unchanged / Mixed. Both the social mood signal and news signal are positive as of the time of this posting. Both social mood and news signal momentum indicate a very high risk of trend change.
Today’s social mood signal is +8.2 S&P points (entire weekend signal Saturday thru Monday is -0.2 S&P points). Markets tend to follow social mood more often than not. Mood signal is moderately positive at the time of this posting, but social mood momentum indicates a trend change is near, if not in progress. Looking at the signal for the entire weekend, it should be difficult for markets to stay positive till day's end.
Today’s social mood signal is +8.2 S&P points (entire weekend signal Saturday thru Monday is -0.2 S&P points). Markets tend to follow social mood more often than not. Mood signal is moderately positive at the time of this posting, but social mood momentum indicates a trend change is near, if not in progress. Looking at the signal for the entire weekend, it should be difficult for markets to stay positive till day's end.
Today’s news signal is +1.6 S&P points (entire weekend signal Saturday thru Monday is +1.2 S&P points). News tends to follow the general trend of the market, but on a daily basis, can either lead or lag the movement of the market. As of the time of this publication, the news signal is slightly up. Signal momentum shows strong risk of trend change.
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