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Thursday, April 11, 2019 8:12:49 AM
Tech's Perfect Signal
By: SentimenTrader | April 10, 2019
Tech’s fully recovery
Out of the S&P 500’s 11 major sectors, only one has made a fully recovery from the December decline, and it’s an important one. The information technology group has fully recovered from its decline of more than 24%.
Other times it fully recovered a drop of 20% or more within a six-month window, it showed excellent returns going forward. Most impressively, a year later the sector was higher by at least 13% every time. Returns were excellent for the S&P 500 itself, as well.
Sentiment spread
The persistent bid under stocks has buoyed sentiment, and the spread between Smart and Dumb Money Confidence hit a multi-year low this week.
When it first hits this wide of a spread, it has not been a negative, but as the days progress with this kind of extreme, the risk/reward quickly turns negative.
A down day!
The S&P lost more than 0.5% on Tuesday for only the 9th time since the December 24 bottom. After 7 of those other 8 down days, the S&P rebounded over the next two days and returned an average of more than 1%.
Read Full Story »»»
• DiscoverGold
By: SentimenTrader | April 10, 2019
Tech’s fully recovery
Out of the S&P 500’s 11 major sectors, only one has made a fully recovery from the December decline, and it’s an important one. The information technology group has fully recovered from its decline of more than 24%.
Other times it fully recovered a drop of 20% or more within a six-month window, it showed excellent returns going forward. Most impressively, a year later the sector was higher by at least 13% every time. Returns were excellent for the S&P 500 itself, as well.
Sentiment spread
The persistent bid under stocks has buoyed sentiment, and the spread between Smart and Dumb Money Confidence hit a multi-year low this week.
When it first hits this wide of a spread, it has not been a negative, but as the days progress with this kind of extreme, the risk/reward quickly turns negative.
A down day!
The S&P lost more than 0.5% on Tuesday for only the 9th time since the December 24 bottom. After 7 of those other 8 down days, the S&P rebounded over the next two days and returned an average of more than 1%.
Read Full Story »»»
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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