Below is the sentiment/bias of the major contributors at zentrader for the next 2 weeks. This is the most bullish I’ve seen the contributors since we started keeping track of this in November.
All About Trends – It’s touchy here. This overall trend is up,however this is resistance. Topping is a process in most cases.
Short term pullback then expect another push higher to continue to carve a top. Don’t rule out a shake and bake new high over next few weeks. – Neutral
Financial Tap – The Daily Cycle is in an extremely bullish position here. We should expect a solid 15 trading days before entering the timing for any sort of top. I’m seeing plenty of strength and a likely move over 1,500. However watch for a quick 2-3 session drop this week before the move begins. – Bullish
Liz DeMera – 30 Moving Average of advancing minus declining Oscillator has peaked on 01/02/13 and rolled over with no chance of making a higher high. Less new NYSE 52 week highs since 01/02/13, yet higher in price. – Bearish
Karen Starich – Pluto at 10 degrees Capricorn is very positive for the economy and suggests capital expenditure and manufacturing could be on the rise beginning next week. Most likely we will surpass the decade long resistance just over 1500 on the S&P 500 in the very near term. – Bullish
Jeff Pierce – My market timing signal turned bullish on 1/4 for the Nasdaq and subsequently my others for Dow and TSX have flipped as well. I’m firmly in the bull camp at this point and expect a slow grind higher. – Bullish
Chris Ebert – Covered call trading remains profitable, so the bulls retain control, however long call trading is currently unprofitable so the bull’s confidence is weak. Long straddle trading is approaching abnormal losses that would indicate the market could break out, possibly to new highs. Bullish-Neutral.
Previous Trading Sentiment:
12-10-2012 Fed Has Trader Sentiment At Standoff
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