Tuesday, July 25, 2006

2nd Anniversary Revision:

As www.mktsentiment.blogspot.com enters its 3rd year of analyzing and reporting major Sentiment Indicators, it will now start adding a matrix of the most important ones, with their recent multi-year highs and lows for reference.
As you might note, most are coming off their oversold Bullish extreme levels - the exceptions being: CBOE put/call ratio still high at 71; the AAII survey showed Bulls at a low of 23.9 and Bears at 57.8. Marty Zweig's dictum of 2 times in 3 months with 9:1 up/down volume days just added a third yesterday (Monday), although today's failed followthrough is giving some back.
Only time will tell if we are just working off the Bearish sentiment or setting up a Summer rally.

7/21/2006 4Yr.HI LOW
DJIA 10868 11577 7286
Nasdaq 2020 2243 1114
S&P500 1240 1325 776

CBOE Equity 71 87-5/04 46-1/03
put/call ratio

VIX 17.4 44-9/02 10.3-7/05

ISEE-call/put 125 299-12/04 82-4/02

McClel Osc.(+75/-100) -14 91-5/04 (81)-5/04
McClelSum.(+750/-1000)`-151 1568-6/03 (726)-5/04

Newsletter Surveys:
Inv.Intel -Bull:62/28 42.1 62.9-12/04 35-6/06
Bear:43.2/16.1--5yrs 33.7 38.2-3/03 16-6/03

AAII-Bull/Bear 23.9/57.8 n/a n/a
MarketVane Bulls 58 73 24

Barron's Panic/
Euphoric Master Idx -0.46 -0.24 4/06 -0.75 11/05

With record numbers of dollars coming out of Money Market Funds, mostly into the crowded trade of short term bonds, anyone who has a minimal knowledge of covered call options and/or an interest in hedging stock market exposure might want to check out: brentleonard.com for an alternative strategy that is low-risk as well as highly rewarding. For those of you wanting more details and actual trading results, a new book is available for $14.95 at Amazon.com: Zero (IN)Tolerance

Subscribe in a reader


No comments:

Post a Comment