Markets topping, but Hanging in: Outlook 13 Sept '13

after market update: actual S&P +4.57(+0.27%) Dow up 1/2%.

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Overview: Today's mood shows a continued attempt to maintain a positive outlook, and the news signal is once again positive.  However, social mood signal momentum shows a very strong pull against continued upward motion.  Markets are in a topping process, yet may, with a struggle, gain up to 1/2 % today.  Markets could be choppy today as forces pull in both directions, vying for dominance.

Near term outlook: The social mood pattern corresponds with transition, or waiting for a "new chapter" to begin. Common news events associated with the current pattern are violent protests, terrorist activity, government intervention and themes of uncertainty, surprise, or disasters.  

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 Slightly Up / Mixed.  Both the social mood signal and news signal are moderately positive as of the time of this posting.  Social mood momentum indicates a high and increasing risk of trend change. 

Today’s social mood signal is +5.6 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.

  

 

 

Today’s news signal is +8.4 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.  As of the time of this publication, the news signal is up.