James Shaw

Sentiment Overview: Surprising Increase in Optimism

My view on near term market direction:

Market has made seven consecutive monthly gains since March this year. Soon or later, market will have a real correction, no doubt about it.

Also once the correction comes, it will be quick and severe.

Now the sentiment indicators seems giving us conflict signals.

That means, we will not see big market correction in sight but we will not see big runs either near term.

That is, after last week's big drop, I believe that we will see ups this week.

Most likely, real correction will happen early next year.