Market Sentiment - A Contrarian View

This Internet Blog attempts to exhibit the most meaningful Sentiment Indicators that we believe affect the performance of the market in different timeframes; most are Contrarian extremes suggesting that the majority has adopted a certain trend fully at the point at which it is about to reverse. Included are also comments about the Indicators and any other facts or ideas that are pertinent to market action. To Post comments,thanks to Haloscan, just click on "comments" and write away.

Contributors

Monday, November 2, 2009

"FOLLY" BERGIERE:

This stock market has more "LEGS" than the FOX Channel!

After a wild end to October (since 70% of market Volume is now HFTs, or High Frequency Traders), we resume upwards in Nov. The McClellan Oscillator at -100 was the first clue, in the Sentiment mix. VIX upward spikes around the first of the month have been the norm since the March rally started.

Investment newsletters are mixed with the Inv. Intell. Bullish on the market, while the AAII is inverted (Bears over Bulls) and Bullish FOR the market.

Both Equity mutual fund and money market fund flows have been slightly negative recently. Longer term, the Nova/Ursa ratio of long/short is more negative FOR the market, as is CEO Insider Selling at 24:1.

See numbers in box to the left under Recent Posts -Weekly Numbers:

posted by Brent Leonard | 9:46 AM