US30 Outlook

 

09 January 2018

US30 Weekly

The weekly Dow Jones chart doesn’t need much interpretation, it’s an up trend. It should keep doing this until all the corporate tax rebates have been spent.

A great contrarian indicator for stock sentiment can be found here; AAII Sentiment Survey. A sudden move up in 2018 has Bullish sentiment at 59.8%, Bears at 24.7 % with 15.6% Neutral. Last month the bulls had 37%, optimism is back, bubble euphoria coming soon.

 

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