The markets are absolutely flat. What does this tell us about investor sentiment? Usually absolutely nothing, no bullish force or bearish force. However, the lack of selling today does have some significant information. A missile launch in Syria, a terrorist attack in Sweden, much lower job numbers than expected, and this information is not creating any selling in the market. The lack of selling on potentially bad news is taking into account the overall bullish confidence that is building up in the American economy. The bullish charts are still working, the bearish charts are still working. This is why it’s important to project price targets.
April 7th Daily Market Comments
The markets are absolutely flat. What does this tell us about investor sentiment? Usually absolutely nothing, no bullish force or bearish force. However, the lack of selling today does have some significant information. A missile launch in Syria, a terrorist attack in Sweden, much lower job numbers than expected, and this information is not creating any selling in the market. The lack of selling on potentially bad news is taking into account the overall bullish confidence that is building up in the American economy. The bullish charts are still working, the bearish charts are still working. This is why it’s important to project price targets.