09 January 2018
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.