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The gains in the consumer discretionary sector reflect a solid economy and high consumer confidence. The S&P 500 correlates strongly with consumer discretionary during bull market advances.
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The median target on Wall Street for the benchmark index now sits at 5,250, up from the median target of 4,850 on Dec. 30, per Bloomberg data. The Street-high target has moved up to 5,600 from ...
According to the first approach, investor attention can be approximated with particular financial market-based measures.According to Gervais et al. (2001) [10] and Hou et al. (2009), [11] trading volume is a good proxy for investor sentiment.
In a secular bull market, the prevailing trend is "bullish" or upward-moving. The United States stock market was described as being in a secular bull market from about 1983 to 2000 (or 2007), with brief upsets including Black Monday and the Stock market downturn of 2002 , triggered by the crash of the dot-com bubble .
It is considered a major reversal signal that is more bullish than the regular morning star pattern because of the existence of the Doji. Falling Window A window is created when the high of the second candlestick is below the low of the preceding candlestick. It is considered that the window should be filled with a probable resistance.
JP Morgan offers up some reasons to buy stocks despite swirling recession fears.
Conversely, a higher reading (~1.02) of the ratio indicates a bearish sentiment in the market. However, the ratio is considered to be a contrarian indicator, so that an extreme reading above 1.0 is actually a bullish signal and vice versa. [2] The lowest level of the index was 0.39x, set in March 2000 at the peak of the dot-com bubble. [2]