Let's see if we can find signs
of bullishness in the top cryptocurrencies by market capitalization.
Bitcoin was showing signs
of bullishness in the first half of the week, rising as high as $ 7,500, according to CoinDesk's Bitcoin Price Index.
Not exact matches
As a signal, it's showing a degree
of bullishness not seen
in five years.
In another rare expression
of bullishness from Shiller, he told CNBC this week that stocks «could go up 50 % from here.»
But his
bullishness is typical
of how tech investors view Tesla: they argue that growth is all that matters and expect the company to at some point achieve a monopoly position
in an industry that's among the world's most competitive.
Millionaire
bullishness is up, but there is a huge divide
in the survey data based on the political affiliation
of millionaires.
This follows a string
of eight straight increases earlier this year where the
bullishness peaked
in January.
The 10 % decline that occurred
in late January / February was followed by a rebound that seems to have sucked all
of of hope and
bullishness back into the market.
In the stock market, we have extreme overvaluation, unfavorable trend uniformity, hostile yield trends, unusually extreme bullishness (a contrary indicator), and a negative reversal in breadth momentum off of an overbought pea
In the stock market, we have extreme overvaluation, unfavorable trend uniformity, hostile yield trends, unusually extreme
bullishness (a contrary indicator), and a negative reversal
in breadth momentum off of an overbought pea
in breadth momentum off
of an overbought peak.
All
of the forecasting usefulness
of those figures is contained
in the «excess»
bullishness or bearishness - the extent to which sentiment figures are higher or lower than what you would expect, given recent market movements.
On the daily chart we see the price has surpassed and is about to close above the Monthly Pivot Range high, this is a significant event
in that it demonstrates the bias has shifted from the many weeks
of bearishness, to one
of bullishness.
In short, aside from some potential for a «clearing rally» to correct the short - term oversold condition
of the market, even the low advisory
bullishness figures provide little evidence for a «contrary opinion» call on the market.
As usual, I don't place too much emphasis on this sort
of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion
of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period
of internal divergence as measured by breadth and other market action, and complacency at best and excessive
bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk
of an oncoming recession, which would become more
of a factor if we observe a substantial widening
of credit spreads and weakness
in the ISM Purchasing Managers Index
in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.
The British Pound / US Dollar pair (GBP / USD) lost all
bullishness in September 2014 when it generated a lower high
of 1.65240.
When it comes to all
of this metals / miners / commodities
bullishness there's just one «fly
in the ointment» — the U.S. Dollar.
The red line
in the middle shows the current level
of bullishness —
in the longer term context it is neither here nor there — click to enlarge.
For all Lingard's
bullishness, recent history favours City, who have won on four
of their last six visits to Old Trafford
in the league, including an earth - shattering 6 - 1 victory
in October 2011.
Whatever people may think
of New Labour's achievements, faults and mistakes, there is an enormous difference between the timidity with which a government with a majority
of 170 + proceeded
in its first term, carefully implementing its incremental manifesto but always looking over its shoulder
in search
of the «daily mandate», and the astonishing
bullishness of this Coalition despite the hung parliament.
Solo's cocksure swagger and Kuryakin's arrogant
bullishness clash time and again, resulting
in a game
of one - upmanship, even as they ultimately need to rely on one another to complete their mission.
Today, I'm going to reiterate my position that,
in the age
of competitive quantitative easing by the world's central bankers, it makes sense to err on the side
of bullishness.
In a market being goosed by the largest coordinated central bank easing in history, it makes sense to err on the side of bullishnes
In a market being goosed by the largest coordinated central bank easing
in history, it makes sense to err on the side of bullishnes
in history, it makes sense to err on the side
of bullishness.
Well, some stock traders will probably tell you it usually means relatively tame trading the day before the report, maybe some pre-market fireworks
in stock index futures right after the numbers are released at 8:30 a.m. ET, and more volatile trading the remainder
of the day as the market attempts to gauge the report's supposed
bullishness or bearishness.
One
of the main drivers
of large sustained trends is the fact that the market continues to weed - out the people betting against it (there are more than you'd think), remember that when a trader goes short and bets against a bull market, if the market goes up they must cover that position by buying, this
in turn leads to further
bullishness and a swarm
of fresh orders.
TrimTabs, a premier research provider to the institutional investment community, recently identified three troublesome aspects
of current
bullishness in stocks.
But variations
in the tone and extent
of that
bullishness can be informative, especially when the consensus is extremely optimistic at new highs
of mature bull markets, and defensive at new lows
of mature bear markets.
In short, aside from some potential for a «clearing rally» to correct the short - term oversold condition
of the market, even the low advisory
bullishness figures provide little evidence for a «contrary opinion» call on the market.
All
of the forecasting usefulness
of those figures is contained
in the «excess»
bullishness or bearishness - the extent to which sentiment figures are higher or lower than what you would expect, given recent market movements.
The hallmark
of bullishness, indiscriminate risk taking, is no longer present
in equities.
«There's certainly a lot
of bullishness about bitcoin and cryptocurrency, and that's the case with bubbles
in general.
It was a show
of bullishness to rival last week's run - up
in Snap stock: The Bitcoin price suddenly jumped more than $ 100 on Friday morning, trading above $ 1300 per unit for the first time.
A lot
of this
bullishness derives from Stellar's announcement
in October that it was partnering on a blockchain project with IBM (NYSE: IBM) and KlickEx
in the South Pacific.
This rally appears to be a continuation
of last week's uptrend, which was fueled primarily by
bullishness that Wall Street investors are preparing to make some major investments
in the Bitcoin ecosystem.