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A look at market technical indicators (after three months)
By Data Science Investor  •  June 12, 2022
Three months ago, I wrote an article titled "Are we looking at a rebound in the stock market soon?". In the article, three different indicators (Fear & Greed, Smart Money Confidence, Consumer Spending) are explored. When the article was first published in mid March, S&P 500 stood at 4204. The few indicators explored back then indicate there should be a rebound in the market soon. True enough, the market rebounded in the 2nd half of March and closed at a high value of 4631 during late March. It was also indicated that the overall downtrend might still remain intact even if a quick technical rebound was to happen. That did happen. The S&P 500 closed at 3900.86 this Friday. Given three months have passed since the article was published, now is probably a good time to review these indicators again. Fear and Greed Index (Source: https://edition.cnn.com/markets/fear-and-greed) This is a slightly higher score than the score of 14 which we saw three months ago....
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By Data Science Investor
This is a site to publish my findings and research which are based on data science to aid you in your decision making process for investments in stocks and property, particularly in the Singapore market.
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