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
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