Some sentiment indicators message – gettin near a trading bottom

The Rydex Nova/Ursa is also getting close as we dropped below .70 levels but the real deal is around.60 ideally below .60 but that is in the making as we have to drop another 5-10% from current levels to make the bottoms for DOW and SPX. If you are short remain short and its to early to get long in a broader sense ( single stock ideas might work already).

The smart part of the Obama to give away the tax presents in small portions not one big check which might be more consumption prone but the smarter people will use it anyway to reduce debts as time will get tougher and overspending is not an option. Its good though for people who need every Dollar for regular living as their spending budget grows hence Walmart may be the lucky one here.

High bullish readings in the Consensus stock index or in the Market Vane stock index usually are signs of Market tops; low ones, market bottoms.
Last Week 2 Weeks Ago 3 Weeks Ago
Consensus Index
Consensus Bullish Sentiment 23% 24% 23%
Source: Consensus Inc., P.O. Box 520526,Independence, Mo.
Historical data available at (800) 383-1441.
AAII Index
Bullish 21.6% 32.9% 24.6%
Bearish 56.7 39.2 44.0
Neutral 21.6 27.9 31.3
Source: American Association of Individual Investors,
625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170.
Market Vane
Bullish Consensus 37% 39% 39%
Source: Market Vane, P.O. Box 90490,
Pasadena, CA 91109 (626) 395-7436.
Investor Intelligence is also close to the lows with 31.1% bulls and 41.1 % bears around Nov those numbers were a bit more extreme and we will get to those levels again like above 50% bears.

Market Sentiment


~ by behindthematrix on February 22, 2009.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: