As Michael Kahn of Barron's and the new indicator I added (SentimenTrader) reveal, things remain neutral, ergo safe, for now.
The Rydex Nova/Ursa indicator went beserk (revised by Schaeffer), so I deleted that; the ISE has been bought by Deutschebank.
The reliable AAII contrary indicator is Bullish for the market at almost dead even, although the Market Vane is quite high. The longer term Bullish per cent is still at high levels (caution), but Insider Exec Selling jumped back up to a high 46:1 over Buyers.
Here are the numbers:
Mktsentiment. 4/27/2007......5Yr.HI........ LOW
DJIA ………. 13120...........13120...........7286
Nasdaq………. 2557............2557............1114
S&P500…….. 1494............1494............776
CBOE Equity put/call .61............87-5/04........46-1/03
VIX ………. 12.45..........44 9/02........10.0-7/05
ISEE-call/put ……. 114...........299-12/04.......58 - 3/9/07
(>200/Bearish)
McClel Osc……………-29...............91-5/04.........(81)-5/04
McClelSum…………… 839..........1568-6/03.......(726)-5/04
Newsletter Surveys:
Inv.Intel -Bull:…..…. ..51.1...........62.9-12/04......35-6/06
Bear:………… 26.1 .........38.2-3/03.......16-6/03
AAII-Bull/Bear ……….39.2/38....n/a n/a
MarketVane Bulls…. 74......... 74..............24
Birinyi Blogger
Bull/Bear Poll …………33.3/33.3
Bullish%- ……….…78...............88 -2/04...... 46-8/04
SentimentTrader
Short/longterm Bl/Br. N(neutral)/N
*Insider corporate sellers 46:1
Sectors: Most Buyers: Finance, Tech
Most Sellers:, Healthcare,Finance, Consumers, Tech
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