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Sentiment Report For Monday

05/21/12 7:15 PM EST

 

With the best gain in more than two months, the S&P has staged an initial recovery off of a multi-month low.  Historically, that bodes well for the next few months, but more questionable activity in the shorter-term.

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The Smart Money is 67% confident in a rally.

The Dumb Money is 33% confident in a rally.

 

 

View longer history       Download data

 

Equity Market Indicators                                                                                               See all equity indicators »

Prior to the last year, we saw the percentage of bearish (for the market) indicators reach 40% several times.  In the past year, it hasn't gotten much higher than 30%, each time coinciding with a period when equities were about to flatten out for 1-3 weeks.  We saw that again on March 20th as that percentage reached 29% and stocks have consequently backed off a bit.

 

More history:   Short-term Score     Long-term Score    Indicators At Extremes

Bearish for equities 

* New extreme

 

STEM.MR Model - NDX

Intraday Cumulative Tick - NYSE

Intraday Cumulative Tick - NASDAQ

Price Oscillator - S&P

Price Oscillator - NDX

STEM.MR Model - S&P

Put/Call Ratio - Equity Options Only

VIX Transform

Mutual Fund Cash Levels

 

 

 


Bullish for equities 

* New extreme

 

Rydex % of Sectors w/Assets > 50 Day Avg

Rydex Beta Chase Index

Rydex Bull/Bear RSI Spread

Liquidity Premium - SPY

Stock/Bond Ratio

Put/Call Ratio - Equity De-Trended

Put/Call Ratio - Equity Moving Averages

Put/Call Ratio - Total of Moving Averages

ROBO Put/Call Ratio

TRIN - NASDAQ

Up Issues Ratio - NYSE

Up Issues Ratio - NASDAQ

Up Volume Ratio - NYSE

Up Volume Ratio - NASDAQ

STEM Model

Sentiment Survey - AAII

InsiderScore.com Buy/Sell Ratio

Intermediate-term Indicator Score

Dumb Money Confidence

Smart Money Confidence

 

   See all equity indicators »

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Stock and Sector Sentiment                                                                              About stock sentiment »

We're seeing more sectors approach oversold territory with the correction of the past couple of weeks, but they're not moving as quickly as one would think.  That's partly due to investors hiding out in more-defensive sectors like Staples and Utilities, which aren't anywhere near oversold yet.  Some of the better bottoms of the past few years have come when a broad cross-section of sectors hit oversold territory.

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 Index Seasonality                                                                                       See more seasonality data »

 

May 22 is trading day #16 of the month

(The charts below reflect the last 30 years of history)

 

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