It’s No Surprise Stock Market Analysts Have Been Upgrading Price Forecasts At just the Wrong Time

ByBrad Lamensdorf

It’s No Surprise Stock Market Analysts Have Been Upgrading Price Forecasts At just the Wrong Time.  In our view,  many Wall street analysts are about as reliable at forecasting stock prices and market direction as fortune tellers who use smoke, mirrors, and crystal balls to summon your long-dead great aunt. In fact, they are wrong…

Overly Bullish Sentiment Indicator is a Negative for the Market

ByBrad Lamensdorf

Overly bullish sentiment indicator is a negative for the market.  We use investor sentiment as contrarian indicators for determining the direction of the stock market.  The latest reading from SentimenTrader’s Smart Money/Dumb Money shows the indicator going from extreme pessimism on market prospects before the big surge this year to the present bullish level, which…

Do Trump’s Chances Hinge on a Strong Market or Vice Versa?

ByBrad Lamensdorf

“With a rise in social unrest, confusion over the pandemic response, and a highly volatile market, the probability of President Trump holding onto his office has dwindled,” says Jason Goepfert  of SentimenTrader.  Why? “Whatever one’s political association, there seems to be a clear correlation between re-election odds and the price path of the Dow Industrials,”…

Investor Sentiment Gauges Have Been Suggesting Stock Market Top

ByBrad Lamensdorf

Investor Sentiment Gauges Have Been Suggesting Stock Market Top.  We use investor sentiment as a contrarian indicator on the direction of the stock market because investors historically are wrong. Along with most of the  so-called stock market experts they blindly follow. So, one of our favorite contrarian indicators is the Investors Intelligence Bulls/Bears poll of…

S&P 500 Relative Strength Stock Market Index is Most Overbought Ever: Be careful!

ByBrad Lamensdorf

We use numerous indicators to guide us on the strength and weakness of the stock market in terms of when to buy, sold and hold.  One of the important short-term indicators we follow is the 14-day S&P 500 Relative Strength index (RSI) which shows us the percentage of stocks that are overbought or oversold in the…