This rising optimism in the face of a steady technical decline has bearish implications from a contrarian standpoint.

FORBES: Betting On Gaming's Losing Streak

As consumers make additional cuts to their spending habits and the sector extends its technical losses, an unwinding of this lingering investor optimism could provide additional selling pressure for gaming stocks.

FORBES: Magazine Article

This rising optimism among options traders amid the stock's technical troubles has bearish implications from a contrarian perspective.

FORBES: Magazine Article

While I could forgive this attitude toward the company's flagship soda, optimism toward the shares seems misplaced given the poor technical performance.

FORBES: Magazine Article

Despite growing optimism and speculation about a housing recovery, the technical picture for top homebuilding stocks Pulte Group and KB Home remains a house of horrors.

FORBES: Avoid These Homebuilders

Should the shares breach key short-term technical support at the 16-level, we could see this excessive optimism unwind in the form of added selling pressure for the networking sector.

FORBES: Magazine Article

What's more, this reading ranks below 75% of all those taken during the past year, hinting that optimism among speculative investors may be running near extreme levels despite the stock's technical woes.

FORBES: Magazine Article

Despite the overall optimism blanketing the drug sector, pessimism still pervades several individual stocks that show signs of technical strength.

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This heavy-handed optimism and skew toward overhead call open interest indicates that investors expect MGM to rally despite its poor technical picture.

FORBES: Magazine Article