The low VIX, low CPC and CPCE put/calls and high bullish percents in sentiment indicators verify the market complacency and lack of fear. The NYMO is elevated at levels where a market top typically occurs. Watch your wallet.
Monday, December 12, 2016
Bullish Barron's Cover May Signal Market Top
The bullish magazine cover market indicator appears on the weekend. The Barron's front cover proclaims in bold letters, "GET READY FOR DOW 20,000." Usually, the euphoric bullish magazine and newspaper covers signal market tops. Barron's says the Dow will push "past 20,000 any day now." The euphoria and optimism is off the charts.
The low VIX, low CPC and CPCE put/calls and high bullish percents in sentiment indicators verify the market complacency and lack of fear. The NYMO is elevated at levels where a market top typically occurs. Watch your wallet.
The low VIX, low CPC and CPCE put/calls and high bullish percents in sentiment indicators verify the market complacency and lack of fear. The NYMO is elevated at levels where a market top typically occurs. Watch your wallet.
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