1 Today the ECB intervened and the BTP Future traded back to the daily Boll signaling a short term relief but we are not done yet as the crisis will intensify the next 3 weeks.
Still if the SPX holds the 1210 area we can see another volatile zigzag up thereby the odds are dropping for the upside on a daily basis.
Todays Full Moon combined with Neptun Stationary followed by tomorrows Chiron Stationary may produce a final spike the next days which will not last long and be followed by a deeper sell off. Sentiment is improving to neutral except ISE which holds the market in check for now. A final blow to the 1300-20 level would be an ideal top next week. Second half of November will have a downside bias overall with an Euro dropping towards the 1.30 target and with it everything else except Bunds and Bonds who are poised to make an interim top soon around very early Dec.
|MONDAY, NOVEMBER 7, 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