Intermediate Term Sentiment is Not Outright Bearish

Last week short-term sentiment backed off a bit, and the fear/greed gauge moved down to 55 from the mid 60’s. The NDR short-term composite came in at 70, which is a sell.  I would rate the short term as being mildly negative. Intermediate-term sentiment is not outright bearish. NDR crowd sentiment is at 70. Bullish…

This Trend Practically Guarantees the Federal Reserve will Continue to Raise Rates

By John Del Vecchio One of the hottest job markets in the U.S. is the trucking industry. Business is booming. A major shortage of drivers has led to a spike in wages as well as other perks such as signing bonuses. While trucking is hot, inflation is heating up too. The underlying price pressures in…

Short-term sentiment was mixed this week

Short-term sentiment was mixed this week. NDR short-term sentiment dropped a bit to 50, A neutral ready. However the CNN Fear & Greed Index moved from 62 to 71, a negative suggestive of too much bullishness creeping into the market. The intermediate-term indicators were inline with last weeks gauges, which were a bit too bullish….