Sentiment update

The Citi sentiment is back to normal and the others are even relatively high (no extreme) which anyway supports a top is close view. The Citi Index will go up next week as well as most others are likely to join as the SPX closed at the high making the reversal very likely as the technical picture suggests.

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 48% 40% 39%
Source: Consensus Inc., P.O. Box 520526,Independence, Mo.
Historical data available at (800) 383-1441.
AAII Index
Bullish 44.1% 36.1% 31.8%
Bearish 33.3 43.6 38.6
Neutral 22.6 20.3 29.6
Source: American Association of Individual Investors,
625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170.
Market Vane
Bullish Consensus 43% 40% 40%
Source: Market Vane, P.O. Box 90490,
Pasadena, CA 91109 (626) 395-7436.
Citigroup Panic/Euphoria Model
Market Sentiment

~ by behindthematrix on May 10, 2009.

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