Are New All Time Highs Just Around the Corner?

Aside

Sentiment is a strange thing.

Investors are human beings. And human beings are irrational, particularly when it comes to money related issues. The notion that the market, as a collection of irrational people, is somehow rational is ludicrous.

With that in mind, sentiment can be a powerful tool for timing market turns. If sentiment changes, but price doesn’t confirm the shift, then you know you’re near a turn.

Case in point, two weeks ago I noted to Private Wealth Advisory subscribers that investors were insanely bullish despite the fact the S&P 500 was nearly 5% of its previous peak of a month ago!

GPC32818

At that time I noted that this indicated we were very close to a short-term TOP and that stocks would soon crater.

Fast forward a week and stocks did indeed crater, falling to retest the February lows.

GPC328182

Which brings us to today. Sentiment is once again at EXTREME levels with investors 100% certain stocks are about to crash. Everywhere I look I see talk of a bear market starting.

This is happening at a time when stocks are actually HIGHER than they were in February.

Which tells me stocks are about to rally in a big way. I believe we’re about to have a final blow off top for this bull market with stocks going to new all-time highs.

GPC328183

At that point, THE top will be in.

If you’re looking for more investment insights as well as trade ideas, join our FREE e-letter, Gains Pains & Capital today. Swing by www.gainspainscapital.com to join today!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Stocks Are About to Rally, NOT Collapse (That Comes Later)

Aside

Sentiment is a strange thing.

Investors are human beings. And human beings are irrational, particularly when it comes to money related issues. The notion that the market, as a collection of irrational people, is somehow rational is ludicrous.

With that in mind, sentiment can be a powerful tool for timing market turns. If sentiment changes, but price doesn’t confirm the shift, then you know you’re near a turn.

Case in point, two weeks ago I noted to Private Wealth Advisory subscribers that investors were insanely bullish despite the fact the S&P 500 was nearly 5% of its previous peak of a month ago!

GPC32818

At that time I noted that this indicated we were very close to a short-term TOP and that stocks would soon crater.

Fast forward a week and stocks did indeed crater, falling to retest the February lows.

GPC328182

Which brings us to today. Sentiment is once again at EXTREME levels with investors 100% certain stocks are about to crash. Everywhere I look I see talk of a bear market starting.

This is happening at a time when stocks are actually HIGHER than they were in February.

Which tells me stocks are about to rally in a big way. I believe we’re about to have a final blow off top for this bull market with stocks going to new all-time highs.

GPC328183

At that point, THE top will be in.

If you’re looking for more investment insights as well as trade ideas, join our FREE e-letter, Gains Pains & Capital today. Swing by www.gainspainscapital.com to join today!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

How To Use Sentiment to Time Major Market Turns

Aside

Sentiment is a strange thing.

Investors are human beings. And human beings are irrational, particularly when it comes to money related issues. The notion that the market, as a collection of irrational people, is somehow rational is ludicrous.

With that in mind, sentiment can be a powerful tool for timing market turns. If sentiment changes, but price doesn’t confirm the shift, then you know you’re near a turn.

Case in point, two weeks ago I noted to Private Wealth Advisory subscribers that investors were insanely bullish despite the fact the S&P 500 was nearly 5% of its previous peak of a month ago!

GPC32818

At that time I noted that this indicated we were very close to a short-term TOP and that stocks would soon crater.

Fast forward a week and stocks did indeed crater, falling to retest the February lows.

GPC328182

Which brings us to today. Sentiment is once again at EXTREME levels with investors 100% certain stocks are about to crash. Everywhere I look I see talk of a bear market starting.

This is happening at a time when stocks are actually HIGHER than they were in February.

Which tells me stocks are about to rally in a big way. I believe we’re about to have a final blow off top for this bull market with stocks going to new all-time highs.

GPC328183

At that point, THE top will be in.

If you’re looking for more investment insights as well as trade ideas, join our FREE e-letter, Gains Pains & Capital today. Swing by www.gainspainscapital.com to join today!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research