Sentiment Valuation Analysis:
The S&P 500 will continue it's way higher for the moment as long as the 10 years yield stay below 2.38%.
Rates above 2.38 % could kill the momentum due to Sentiment OverValuation. At the close of friday afternoon the Sentiment valuation spread on the S&P 500 was 0.42%, suggesting still good momentum on the way up, however this spread on sentiment valuation could as well be reduce to zero (0) should the 10 Year Yield raise to 2.38%.
Fundamental Valuation Analysis:
On the Fundamental side the S&P 500 next 12 months Intrinsic Value is 2116.20 or an undervaluation of 2.5% suggesting we still have more room to go before we can expect a significant drop on the S&P 500, the fundamental valuation can as well be increase at the end of december when we are getting closer to the end of quarter.
Technical Analysis:
Volatility is Pricing the S&P 500 at 2087.12 suggesting upside momentum is strong.
All 3 forms or way to value the S&P 500 suggest we have still more momentum on the upside and for that reason i rate this market BULLISH for the moment and taking LONG position on the market or the index should be consider!
The S&P 500 will continue it's way higher for the moment as long as the 10 years yield stay below 2.38%.
Rates above 2.38 % could kill the momentum due to Sentiment OverValuation. At the close of friday afternoon the Sentiment valuation spread on the S&P 500 was 0.42%, suggesting still good momentum on the way up, however this spread on sentiment valuation could as well be reduce to zero (0) should the 10 Year Yield raise to 2.38%.
Fundamental Valuation Analysis:
On the Fundamental side the S&P 500 next 12 months Intrinsic Value is 2116.20 or an undervaluation of 2.5% suggesting we still have more room to go before we can expect a significant drop on the S&P 500, the fundamental valuation can as well be increase at the end of december when we are getting closer to the end of quarter.
Technical Analysis:
Volatility is Pricing the S&P 500 at 2087.12 suggesting upside momentum is strong.
All 3 forms or way to value the S&P 500 suggest we have still more momentum on the upside and for that reason i rate this market BULLISH for the moment and taking LONG position on the market or the index should be consider!