Our market sentiment indicator which measures the number of percentage of stocks being bullish at this moment has turned bullish now for both NYSE and Nasdaq stocks, which means that the market is about to go on a BULLISH MODE.
We have been exactly right last year and this year just by following the indicator. When NYSE stocks turned bullish last October, we tell everyone to buy stocks. At that time, the market changed in direction. When NYSE stocks turned bearish in April, we warned everyone to take note of the change. Indeed after that, the market collapsed when Nasdaq stocks turn bearish in May.
This is not an indicator that change direction often. But once it changes, we better watch out to spot opportunities and risks.
Rgds
Daniel
