Tradebird Investors Are Bullish on U.S. Stocks but Bearish on the Euro

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 bullish or bearish on a wide variety of indices and assets.

Following is a list of closely watched indices, stocks and other assets, along with sentiment readings among Tradebird users.

1. S&P 500

The last week of November started really well for this bellwether stock index, but on Thursday it saw a decent selloff. It closed Friday little changed at 2191.95. On Monday, the S&P 500 was gaining ground, and late in the morning it was at 2205.92. Sentiment among Tradebird users is 57% bullish right now.  

2. Dow Jones Industrial Average

Just like the S&P 500, the Dow Jones Industrial Average closed little changed Friday, off its highs of last week. The index was rallying Monday, however, and late in the morning was at 19,247.71. Sentiment among Tradebird users is 63% bullish.

3. Euro/Dollar Currency Pair (EUR/USD)

On Monday, in the wake of the referendum in Italy, the euro/dollar currency pair fell to new lows around 1.050 but then managed to recover to the 1.065 area. Expect trading to remain volatile. Sentiment on the pair is 59% bearish among Tradebird users. (That means investors think the euro will weaken against the dollar.)

4. Apple (AAPL)

Apple broke the $110 support level last week, but Tradebird users don't appear to be that worried. They're 60% bullish right now. Holiday shopping likely will give a boost to the stock. 

Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

5. Tesla (TSLA)

Tesla had one of its worst weeks this year. More and more dark clouds are gathering around the company. There are concerns about the production of the well-known Model 3 and about news that the Securities and Exchange Commission has been critical of Tesla's accounting practices. Even so, investors on Tradebird are 79% bullish on shares of the electric-car maker.  

6. Amazon (AMZN)

Shares of the e-commerce giant had an awful week, starting out at $776 and finishing at $740. However, Bank of America reaffirmed its buy rating with a target of $960. Tradebird users remain optimistic on the stock and are 81% bullish.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

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