after market update: actual S&P +5.09 (0.3%) Markets struggled entire session, down or sideways for much of it. "Eek out" was a great description of today's action.
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Overview: Today's mood and news signal show a sense of continued positive developments. However, signal momentum indicates the upside is losing steam, and a reversal is near (not necessarily today). Markets could eek out another 7-10 points today, but if so, it should be a struggle to hold such gains through day's end.
Near term outlook: The social mood pattern corresponds with volatility and violence. Common news events associated with the current pattern are related to instability, terrorist activity, violent protests, fires and events reflecting themes of confusion or surprise. Natural events associated with this pattern are earthquakes and violent storms.
Longer term outlook: The social mood trend has turned up, but may be losing steam. A reversal is near.
Today's Market Outlook is Up, but with increased risk of trend reversal. Both the social mood signal and news signal are moderately positive as of the time of this posting. However, both social mood and news signal momentum indicate an increased risk of trend reversal.
Today’s social mood signal is +11.5 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 +13.6 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, but news signal momentum indicates a trend change is near. The huge divergence between news level and the stock market actuals indicate that extremely positive or extremely negative news could be very near.
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