$DJI Dow Jones Ind's Mimicing 1987 very well so far this year
I formerly had lined up the December 28, 2018 bottom to the launch up in January 1987 and then with the bottom in May/June this year to the bottom in May 1987.
So far, so good.
Tim
So far, so good.
Tim
Comment:
Still on track.
Comment:
Lagging a little, but still on track.
The level of negativity is VERY HIGH, which is sustaining the rally. Once prices drift higher into August there will likely be a strong level of complacency. That is when we need to worry about upcoming new ideas from the House and Senate and Presidential Campaign speeches.
The latest Individual Investors sentiment reading shows only 34% bulls vs 38% long term average. There are FAR MORE "neutral" investors than ever, which is bullish when prices are rising (and bearish when prices are falling).
The fundamental backdrop between the two time zones is somewhat similar and will likely be discussed much more in the coming weeks as the comparison unfolds.
Tim. July 11, 2019. 10:14AM EST
The level of negativity is VERY HIGH, which is sustaining the rally. Once prices drift higher into August there will likely be a strong level of complacency. That is when we need to worry about upcoming new ideas from the House and Senate and Presidential Campaign speeches.
The latest Individual Investors sentiment reading shows only 34% bulls vs 38% long term average. There are FAR MORE "neutral" investors than ever, which is bullish when prices are rising (and bearish when prices are falling).
The fundamental backdrop between the two time zones is somewhat similar and will likely be discussed much more in the coming weeks as the comparison unfolds.
Tim. July 11, 2019. 10:14AM EST
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