after market update: actual S&P -4.64 (-0.27%); Markets did have a brief bounce today, yet couldn't hold it. Uncertainty over Washington's path through the budget and debt limit issues are cited as the primary reasons markets can't continue higher.
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Overview: The mood reflects desperation and endings. The momentum of collective mood deterioration has slowed, and a short term stock market bounce may occur. However, with no real positives, any rallies should be short lived. A large market drop may be at hand.
Today's Market Outlook is Unchanged to Slightly Down (0% to -0.2%). Mood signal momentum is showing that a bounce may occur today, yet the negative mood signal says to expect it to be difficult to hold any rallies through the end of the session. Both social mood and the news appear to be slowly breaking below support. A large market drop may be at hand. At the time of this posting, both the social mood signal is slightly negative and the news signal barely positive.
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Overview: The mood reflects desperation and endings. The momentum of collective mood deterioration has slowed, and a short term stock market bounce may occur. However, with no real positives, any rallies should be short lived. A large market drop may be at hand.
Today's Market Outlook is Unchanged to Slightly Down (0% to -0.2%). Mood signal momentum is showing that a bounce may occur today, yet the negative mood signal says to expect it to be difficult to hold any rallies through the end of the session. Both social mood and the news appear to be slowly breaking below support. A large market drop may be at hand. At the time of this posting, both the social mood signal is slightly negative and the news signal barely positive.
Near term outlook: The social mood pattern corresponds with exasperation and desperately pushing toward a goal (and competing with others pushing toward other goals). Common news themes associated with the current news mood pattern are uncertainty, confusion, and volatility. The combined pattern, at times, accompanies global themes of violence, instability, terrorist activity, and geopolitical escalation. Diplomatic endeavors or negotiations are not likely to succeed at this time, as a mood of genuine cooperation is almost non-existent.
Longer term outlook: The social mood trend has turned down; the bounce over the last month appears to be complete. However, confirmation of a continuation of the long term downtrend has not yet occurred.
Today’s social mood signal is -3.1 S&P points. Signal is at support, the next few days are critical to direction. Markets tend to follow social mood more often than not.
Today’s news signal is +0.4 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.
(click to enlarge)
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