House wifes started to buy stocks

"…retail investors poured a record $40 billion into stock mutual funds and ETFs in July," Marketwatch

This development it doesn’t indicates yet bad sentiment. Biggest part of the small investors in the last 4 years just watching the equity market and now they want to earn money. This can be a bad inherent movement in long-term, also could indicate stocks have moved into lofty territory, but it could take 2-3 years until the market really crashes. For the IPO market, is a great news that is having its best year since 2006.

 

Last week and still now the indexes and stocks near record highs. Stocks hit highs on 2nd of August, the S&P 500 finishing that day at its intra day high of 1709.

Technically on Dow30 there is a key support level at 15390, which still holds price. If that is taken the price could go down further, but we are still bullish on indexes the uptrend is not yet broken. The resistence level and take profit area is 15640.

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