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Reversal In Investor Sentiment
Posted on 03/05/2007 13:10:28 | Link | Post Comment
After the bullish open, the investor sentiment indicators have rolled over and are now flashing heightened pessimism, or fear.
The CBOE put/call ratio opened at a fairly low 0.73, but has since climbed to a lofty 0.98. Moreover, the 10-day average of this indicator topped 1.0 last week for the first time since Sept. 06.
The ISEE opened at a very high 200, but has since plunged below 100 to 93. This is the equivalent of a put/call of 1.07, a highly bearish reading.
I believe investors continue to rush out and buy downside protection at every little pullback in the averages. Until this behavior changes, I continue to feel that corrections will be brief and shallow.
The CBOE put/call ratio opened at a fairly low 0.73, but has since climbed to a lofty 0.98. Moreover, the 10-day average of this indicator topped 1.0 last week for the first time since Sept. 06.
The ISEE opened at a very high 200, but has since plunged below 100 to 93. This is the equivalent of a put/call of 1.07, a highly bearish reading.
I believe investors continue to rush out and buy downside protection at every little pullback in the averages. Until this behavior changes, I continue to feel that corrections will be brief and shallow.
- Will The Streak End At 8?
- Sneak Peak Ahead Of The Open
- The Week Ahead
- A Mostly Flat Open
- Midday Check
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Fri Jul 18, 2008 08:23AM
U.S. stock futures rebound on Citigroup results"S&a [read more]
U.S. stock futures rebound on Citigroup results"S&a [read more]
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