Monday, March 21, 2011


MktSentiment is entering its 6th year of publication, concentrating on the most effective of stock market Sentiment Indicators over time. Although the author received his CMT designation (Chartered Market Technician) in 1995 on the subject of Sentiment, he has only kept a weekly record for 10 years, sometimes replacing ineffective or obsolete Indicators with new ones after sufficient testing.
He has recently compiled a record of the 5 best Indicators shown on the website (for which he is the Editor and Past President). This blog is produced each Monday, as many indicators (such as market survey letters) are posted weekly. Extremes can be used as a cautionary signal, as they can denote a cessation of a trend, not necessarily a reversal.
Last week's extremes include a high CBOE equity put/call ratio of 73; a negative McClellan Oscillator (although it stayed the same as the prior week at -26, it took a violent swing down and up); the AAII (Individual Investor) Bears jumped from 32 to 40 last week, although the Investors' Intelligence Bulls remained complacent. Technically, I like to watch the 6 to8-day cycles (3,4 up, 3,4 down) as we reach the 50-day Simple Moving Average today.
Posted below are the last two weeks, multi-year highs and lows: 

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
S&P 500:127913041561683
CBOE Eq. put/call: 736496-10/0846-1/03
McClellan Osc:(26)(26)108(123)
McClellan Sum:3866691568(1514)
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AAII Bull:
AAII Bear:
US Equity-1 week lagn/a(1.1B)  
Money Market Flows(10.5B)(1.4B)

Baltic Dry Index:1538131711700663
Bullish %:
Insider Corporate Sellers:55:162:1198:12.4:1

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