Why the stock market might soon careen down a dangerous ‘slope of hope’?
Sentiment conditions on Wall Street are flashing short-term danger signs. That’s because the mood has shifted from the extreme pessimism that prevailed in late December to nearly as extreme optimism today. Some call current conditions a “slope of hope.” Consider the average recommended equity exposure among the Nasdaq-oriented market timers I monitor (as measured by the Hulbert Nasdaq Newsletter Sentiment Index, or HNNSI). In late December, this average was lower — at minus 72.2% — than at almost any other time since I began collecting data in 2000. Read More @ https://www.marketwatch.com/story/the-stock-market-is-careening-down-a-dangerous-slope-of-hope-2019-02-15
WHAT IS THE PSEi TECHNICAL CHARTS SAYS AND HOW WILL WE TRADE THE MARKET?
Asian Stocks Set for Muted Open; Dollar Steady: Markets Wrap.
Stocks in Asia looked set to drift Tuesday with little direction from the U.S. with markets on holiday and a mixed session in Europe. The dollar steadied while the yen ticked lower. Futures in the region were little changed with global trade remaining foremost in investors’ minds. Australian shares edged lower. The European Union vowed prompt retaliation if the U.S. imposes tariffs on imported vehicles, as trans-Atlantic trade tensions showed no signs of easing. European shares edged higher. A gauge of commodities climbed the most since December, with WTI oil futures rising to around $56 a barrel. The euro strengthened despite dovish comments from a European Central Bank governing council member. Read More @ https://www.bloomberg.com//news/articles/2019-02-18/asian-stocks-set-for-muted-open-dollar-steady-markets-wrap?srnd=markets-vp
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