part 2

2. Sentiment has been corrected down from very bullish to moderate levels but not in anything which can be considered being bearish yet as we have entered wave 4 up now its crucial short term in SPX terms not to close above 1294 the low of wave 1. We can expect the current upleg to fade away very fast and wave 5 down to start within 24h. More on that as we discuss charts later today it will be interesting to see how the Bernanke banks can buy back their own stocks trick works out as it was one of the main drivers Friday.

excerpt

MONDAY, MARCH 21, 2011 Blank Image
INVESTOR SENTIMENT READINGS
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 64% 74% 76%
Source: Consensus Inc., P.O. Box 520526,Independence, Mo.
Historical data available at (800) 383-1441. editor@consensus-inc.com
AAII Index
Bullish 28.5% 36.0% 36.8%
Bearish 40.1 32.3 33.2
Neutral 31.4 31.7 30.1
Source: American Association of Individual Investors,
625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170.
Market Vane
Bullish Consensus 56% 62% 61%
Source: Market Vane, P.O. Box 90490,
Pasadena, CA 91109 (626) 395-7436.
FC Market Sentiment
Indicator 58.0% 58.0% 57.8%
Source: First Coverage 260 Franklin St., Suite 900
Boston, MA 02110-3112 (617) 303-0180. info@firstcoverage.com
FC Market Sentiment is a proprietary indicator derived from actionable sell-side trade ideas sent by the sell-side to their buy-side clients over the First Coverage platform. Over 1,000 institutional sales people at more than 250 firms participate on the First Coverage platform and have contributed hundreds of thousands of ideas since inception. Each Idea is associated with a ticker or sector and is tagged bullish or bearish by the creator. This data is aggregated at the sector, industry and market level. The FC Market Sentiment score ranges from 0-100 (0=most bearish, 50=neutral, and 100=most bullish) and represents a completely objective, real-time view into what advice the sell-side is providing to their buy-side clients
Citigroup Panic/Euphoria Model

Market Sentiment

 

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~ by behindthematrix on March 21, 2011.

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