Stocks: We May Be Close To A Short Term Market Top. Here's Why. By Gregory Mannarino

4년 전

Me new pic.jpg

Despite what you may have heard, the main driver behind the price action of the stock market is not technical factors nor are the fundamental factors, it is emotion.

Beyond any shadow of a doubt, there is an eerie sense of euphoria in the equity markets today.

Have a look at the chart below. This is the "fear and greed index" and we are now entering the phase of extreme greed.
To some what I am about to say may seem counter-intuitive however, history has proven that when we enter this extreme greed phase-it is generally a bearish sign, or a sign to take profits.

1.png

Keep in mind, the extreme greed phase which we appear to be in today can continue, and in this environment more than likely will, however this should serve as a signal that we may be nearing a short term market top.

Gregory Mannarino. "The Robin Hood Of Wall Street."

BEAT THESE MARKETS FOR FREE. On My Website: Charts Of Bonds, Gold, Silver, Bitcoin, STEEM, Ripple, Ether, Litecoin, SLV, GLD, MORE! Click here: https://www.traderschoice.net/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT
Sort Order:  trending

No question we're in for a pullback sooner than later!

Thanks for the heads up @marketreport.

Will be watching the markets closely.

*-The Beached Whale-
Editor in Chief - The Anderson Report
Screenshot_2018_01_11_at_10_36_59_AM

·

thanx sir for share this new news on market @resteem

·
·
·
  ·  4년 전

Me three. Upvote and resteem.

·
·
·

Resteemed and upvote Mr Robin Hood..

·

upvoted and resteemed

·

I agree. Going to be a roller coaster.

·

Yesterday, we were also on the verge of a much bigger correction only to be bought up after the market opened. So, why do you think we're finally in for a pullback? Why can't they just buy it back up again?

·

That#s great to us thanks for resteem

Greg, that was very well said and to the point, and very true, and we did upvote and resteem for all to see

·

thanx you sir for share this update
@resteemd

·

your work is good sir to give us daily new newses @resteem

·

REESTEMED AND UPVOTED SIR

·

You are really so thankful sir.

your market reports and news are wonderfull work for me and help me always @resteemd

thank so much my dear sir @marketreport for sharing today update with us. have a nice day.
Now #resteem & upvoted done.

thanx sir for share this new news on market @resteem

  ·  4년 전

Thank You, Gregory, Upvoted and Resteemed. BYOCB.

thanx sir for share this new news on market @resteem

restemeed & upvoted

Sage advice as always. Upvoted & Resteemed.

upvoted and resstem

thanx you sir for share this update
@resteemd

good work sir and i appriciate your efforts and your rip and your site is also attractive for traders

your work is good sir to give us daily new newses @resteem

"pigs get slaughtered" tread carefully in this level of greed environment. upvoted resteemed and commented!

Thank you! God post. Upvoted and resteemed.

upvoted and resstem

Good.... let the greed flow through you my young padawan. You shall make a powerfully greedy Sith Lord......
Re-steemed

upvoted and resstem

Financial literacy is so important yet so few have it.

upvoted and resstem

I'm really looking forward to 2018..I can feel the excitement! Thanks for leading the way @marketreport!

upvoted and resstem

Nice post

upvoted and resstem

upvoted and resstem

Buy cryptos

Resteemit done sir thanks ....upvoted

·

@marketreport yes sir resteemed and upvote

·
·

valuable information
Thank you for your support

This post is helpful for us. I appreciate your post and video ... I post your post just by posting you extra and getting this knowledge...

·

Upvote and resteem

What does this mean for small investors? Get out now or ride it? Do you have any open positions.

thanks for your post
upvote and resteemit..
carry on..

i alwasy like your work for all your followers and also this is @resteemd
keep resteemd always

Wonderful post..Dear ..Your post inspiring me..Carry on..

Hlw my dear sir @marketreport thank you so much for sharing for today update. now #resteem & upvoted done.

i also see your all updates on market @resteemd

nice to see this new update on it your all update on market are really helpfull @resteemd

Sir, Resteem & upvote done! Cheers!

You are a great financial expert.

Great report. Resteem and upvoted.

Great post
I am a follower of my publications

This is a greatpost,,,,,,sir

I find it very hard to go long this market without a pullback. Eerie is the word!

@marketreport Great post on the stock market!

Great information Greg @marketreport!
But we have been in this extreme greed environment for months now.
I wish we would finally roll over.
But I bet you will tell us all when it's time to short the crap out of this market.
Upvoted and resteemed!

According to Linette Zang and I agree with her, a 4% correction is all it will take to bring the house down, so be prepared with a plan without the dollar.

I know you don't just say that lightly, especially considering the euphoric rally this market has been on. There seems to be many people out there saying similar things. Resteemed and upvoted.

·

Are you insinuating that you might short the market here soon @marketreport?

Nothing seems to stop this market! higher and higher it goes! I was waiting for a 2% pullback to get in but it seems I'll have to wait a bit more.

You said not to short this market yesterday and those who did sure feel the pain today. Great call again Greg. Cheers!

yes sir upvote and resteemed

  ·  4년 전

Upvoted and resteemed!

Good post
upvoted and resteemed

i think the last Extreme greed reading got up to 89 then the pull came. it was in December and it was only 3 days 35 SPX points....so no big deal

wow, amazing. it is really fantastic. keep posting such interesting and eyes catching stuff. Thank you.

Lets capitalize on the melt up and beat the bankers in their own game

Great information...
only like your post sir..
you are the best person...
only marketreport..
#upvote and #resteem

You are really so thankfull sir.

Pigs go to slaughter. I remember your words of advise. The ice is thin and the army is marching along, however, there are cracks to be found as they gather in one group. We know that is from a movie, but it is true

Following you. Thanks

restemed and upvote

Thanks Greg. I've seen evidence of greed in the crypto market also and I've only been involved for a few weeks...Upvoted and Resteemed.

Thank you for telling me, hopefully you are always successful in this field of tranding ..

thanks greg

Resteem and upvote

Thanks again for keeping us updated. It is difficult for us amateurs to be aware of all the variables affecting the market. Upvoted and resteemed.

resteem again 👍

I agree. It's too early to call. The dollar is still relatively elevated and the metals haven't broken out of their ranges yet. Once that happens I think we'll know something is going on.

thanks, resteemed

Thanks once again Greg. I certainly agree. I faded all of the long QQQ calls that I bought on the dip yesterday. You're the best!

Greed is almost never good ...

Now that i get myself back ,just by hearing from your own opinion on what is going on ,on stock market because you are an exceptional market analyst whom i have been following and all my days with your information put smile on my face .thanks for wonderful information,i will stay tune to tap from your wisdom as usual

Upvoted resteemed

totally agree, time to move stops up :)

This whole thing reminds me of 2007. Extreme fear and market capitulation to follow. I've started shorting the DOW...Risky, I know, but I have offset it by riding the DOW up. I'm willing to "pay premium on insurance."

Greed, green,good... to ...Fear, fail, faint.

Resteemed!

Thanks for that analysis, I'm hodling everything I got but it's depressing to see your worth in the exchange and here on steemit getting lower and lower - I really hope the fear phase will come soon so people will fear they miss the opportunity and buy and make the price go back to where it was and even higher!

thanks for that - it makes me feel better about that fall knowing we might be near the end of it - it's not a sure thing I know but there is hope!

Resteemed!

Well, this extreme greed sounds interesting!

I am waiting till it hits 90 ! LOL

Well this isn't good and I hope it doesn't continue. How long does the greed stage usually last?

Thanks for video, upvoted.

Thanks for the info

welcome to Weimar Germany..where a wheelbarrow of cash might buy a dollar bill..we are in big trouble. And while the Market IS at a near term top...a major major top not far off.

Greg man.... I love it when you go off the deep end!!...,! Thats when the truth really comes out. The way you share your trades with everyday people is unheard of man. Good Looking out man.....

Thanks for sharing to your post.upvote and resteemad done now

upvoted & resteemed

Upvoted & resteem

this post is very important...
resteem this post....

I must thank you for the efforts you've put in penning this post. I really hope to view the same high-grade blog posts by you later on as well. In truth, your creative writing abilities has encouraged me to get my very own blog now ;)

How is this meter not pegged at 100? LOL