One of our many inputs for analyzing the stock market (and at one time, one of our favorites) is market sentiment. But if you read Market Movers on a regular basis, you might have noticed that we have talked about only one sentiment indicator in months. Why? Because, in general, sentiment has been off-the-charts bullish according to many indicators (put/call ratios for one), some going back to the middle of 2020. When trading, one must always use a stop-loss -- and it's no different with technical analysis: when one a tool stops working, put it aside and cut your forecasting mistakes.
GOOG, ABNB, GTBIF, MAC, DIS, HMC