Want to know what real investors think about the markets and individual stocks?
Well, Tradebird, a social application for investors and traders, keeps tabs on whether its users are bearish or bullish on a wide range of financial assets and indices.
Following is a list of closely watched stocks and markets, along with sentiment readings among Tradebird users as of Monday morning.
1. Apple (AAPL) - Get Report
After the good performance last week, Apple finally reached some resistance. Despite the bullish sentiment on Tradebird, a lot of active traders see this level as a good short opportunity.
One question remains, however: How well is the new iPhone selling?
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However, some investors on the site think that the future of the company isn't clear at all, and this is nothing but a bubble.
3. Walt Disney (DIS) - Get Report
Last week, the stock dipped to the lows of $90, but we may see some bounce as it is trading above $92 on Monday. Everybody on Tradebird is optimistic about this stock, and the sentiment is proving that this is one of the favorite stocks here, with 98% bullish.
There was some serious action and volatility surrounding the euro and the dollar due to the Federal Reserve maintaining interest rates last week. The dollar lost some ground but nothing significant, as most traders agree.
This is why the sentiment is 68% for this pair.
The price of gold also increased last week, once again due to the Fed's decision and the decreased value of the dollar. The upside seems limited however, and the 57% bullish sentiment shows that even if the bulls are winning at the moment, direction could change instantly.
6. S&P 500
The S&P 500 had a nice recovery last week, as did some of its main components. The sentiment is 60% bullish.
As the Fed maintained rates, there was no real pressure on the main U.S. indices. The futures on Monday however, started in the red.
The scenario with the German blue-chip stock market index was close to the one with U.S. indices. The DAX reached the 10,700 levels last week, and, of course, this is where a lot of bears joined the game.
Earlier in the European session this Monday, there was a pullback to the 10,450 mark. And this is why the sentiment is 51% bullish, despite strength last week.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.