As stocks continue to grind higher, investor sentiment has gone from fear to relief to greed.
The combination of more bulls and the S&P 500 (SPY) testing notable resistance should result in a pullback (or some backing and filling).
That said, we have yet to see a reversal (followed by lower highs) develop so we will continue to monitor the situation. Below are some highlights from today’s video:
– S&P 500 Testing the 200-Day Moving Average
– Insurance Stocks Providing Leadership
– Investor Sentiment Moves Closer To Greedy
Stock Market Today Video – February 6, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
