after market update: actual S&P +9.8 (+0.56%); Mood has turned down, markets haven't caught on yet. As long as markets remain below 1780, we are bearish.
- - - 
(click to enlarge)
Overview: Social mood appears to be deteriorating, and reflects both aggressiveness and instability. The themes in the news are associated with the perception of destruction, deterioration, or disaster. Mood is turning down, markets are likely to follow.
Today's Market Outlook is turning down (-0.3% to -0.5%); Both social mood and news signals are negative for today.
Near term mood outlook: The social mood pattern corresponds with aggressiveness and instability. The mood themes found in the news are associated with destruction, deterioration, or disaster. The combined pattern of news and social mood, at times, accompanies global themes of violence, protests, and instability.
Near term market outlook: The social mood signal is brushing against resistance (see this post for more info), so it will have a difficult time climbing past current levels. Markets should pause or turn down from here.
Longer term outlook: The overall social mood trend has been in what appears to be a topping process all year. There are no clear signals that this process will be over anytime soon. Yet, a sharp drop of more than 10%, just around the corner, is indicated by long term mood and market charts.
Today’s social mood signal is -8.5 S&P points as of the time of this posting. Markets tend to follow social mood more often than not.
(click to enlarge)
Today’s news signal is -5.5 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)
No comments:
Post a Comment