1. Sentiment is again very bullish except for the ISE averages on the put call ratio which are at neutral territory around 120. We enter the earnings season reporting with plenty of after hour swings which will make a volatile market. In the short term we can expect a brief pullback to the 1300 SPX level before the attack above 1350 is very likely and we should top out finally around 1375-80 levels within 4-5 weeks. The spotlight though is on metals who climb to record levels on a daily basis and Silver should retest the Hunt high around 50 within 5- 6 months does the monthly chart tell me.
|MONDAY, APRIL 11, 2011|
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.
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