Today the CNN Fear & Greed Index hit a reading of 41 at the market close. The range of CNN index readings between December 19, 2024 and January 21, 2025 are similar to what occurred between October 5, 2023 and November 3, 2023. This sequence of index readings prompted a review of extremely large block trades in the Dow during each time frame. Based on the results of a Dow 30 big block review, it appears we are seeing a repeat of October and November 2023 where the markets are expected to move higher.
Note that this information is for educational purposes only and not a recommendation.
Stock chart courtesy of StockCharts.com.