Wednesday, August 3, 2005

I'm "Baaaaaaack"!

After 1 week vacation and major back/spine surgery, both of which prohibited updating ( I prefer vacation), I notice that not much has changed in these low volume dog days of Summer. Despite a steady bullish rise since late June, to current heights of June 17's 10,656, not much has changed inthe Sentiment world.
My cumulative adv/dec total seems way overextended to new highs of 66,465 but the steady climb of A/D and New Hi's/Lo's is weakening, as is the Dollar. This past week the CBOE Equity put/call ratio spiked up to 60, which is Bullish, and the VIX jumped up aa point to 11.57 (10%). The Bullish percent has reached a toppy level of 74 (74% of stocks in the S&P500 on a BUY signal), and the Smith Barney Panic/Euphoria Index finally broke out of Panic at -0.27, but a +6 is needed for Euphoria.

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1 comment:

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