Sentiment Index Update
Today I shared a video in my trading room of Tom Lee on CNBC post his CPI massive rally call which didn't materialize.
One member pointed out:
"Lol. The man in this interview is not “fearless.” He is having trouble getting it out, and he has concerns. He is impressed by the “pronunciation” of this move. "
I share the sentiment chart so we can observe the mental psyche of both sides (Bulls and Bears) and how it never changes and just repeats. This sentiment causes buyers and sellers to vote each day through the buys and sells they execute...how they vote, provides us a visual pattern. This pattern is much more forecastable than the internal fundamentals.
Best to all,
Chris
One member pointed out:
"Lol. The man in this interview is not “fearless.” He is having trouble getting it out, and he has concerns. He is impressed by the “pronunciation” of this move. "
I share the sentiment chart so we can observe the mental psyche of both sides (Bulls and Bears) and how it never changes and just repeats. This sentiment causes buyers and sellers to vote each day through the buys and sells they execute...how they vote, provides us a visual pattern. This pattern is much more forecastable than the internal fundamentals.
Best to all,
Chris
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