after market update: actual S&P +12.28 (0.73%)!
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Overview: Today's mood and news signal show a sense of continued positive developments. However, signal momentum indicates a trend change is likely either today or tomorrow. Markets could rally up to 0.7% today, but it is uncertain whether they will hold their gains through day's end.
Near term outlook: The social mood pattern corresponds with directed action and self-sacrifice for group goals. Common news events associated with the current pattern are related to increased terrorist activity, violent protests, fires or events reflecting themes of confusion or surprise. Natural events associated with this pattern are earthquakes and high winds.
Longer term outlook: The social mood trend may be turning up.
Today's Market Outlook is Up, but with increased risk of mid-session 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 a high risk of trend reversal today or tomorrow.
Today’s social mood signal is +12.3 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 momentum indicates a high chance of trend change today or tomorrow.
Today’s news signal is +13.9 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 high risk of trend reversal today or tomorrow. Yet, 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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