tuesday brainstorming

1. We reached the final zone as the SPX is heading for the 1300 but more important is rather the sentiment which comes with it as we are neutral too bullish now and also important the most phony part of the earnings which are a substantial portion the financial earnings kicked off with disappointing numbers from JPM and C. If JPM sucks with all the accounting tricks none of the others can really surprise. Plus MS is capping cash bonus payments too 125k which is bad news for upscale real estate and Porsche just to name a few.

SPX cash should mark a daily 13 count today thereby ES and NQ are at 10s leaving margin for another 2-3 up days before the market should enter a sharp pullback phase sometime this week as the last positive positive aspect (astrological) fades out. around the 21st a top setting pattern kicks in which matches the 2-3 day scope for a little more upside.

excerpt

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MONDAY, JANUARY 16, 2012 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 68% 66% 59%
Source: Consensus Inc., P.O. Box 520526,Independence, Mo.
Historical data available at (800) 383-1441. editor@consensus-inc.com
AAII Index
  Bullish 49.1% 48.9% 40.6%
  Bearish 17.2 17.2 30.8
  Neutral 33.7 34.0 28.6
Source: American Association of Individual Investors,
625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170.
Market Vane
  Bullish Consensus 59% 56% 54%
Source: Market Vane, P.O. Box 90490,
Pasadena, CA 91109 (626) 395-7436.
FC Market Sentiment
  Indicator 52.8% 53.1% 54.6%
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 January 17, 2012.

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