Sentiment update

The sentiment stays neutral or even in some cases remains very bearish hence bullish (as sentiment is a contrarian approach). Rydex still at extremes though a bit improved but adds to the bullish momentum short term. ISE gives similar information as most of last week was close to 100 which is rather bullish as well. Astrology is very bullish through this week until the Full Moon on the 28th which is in a positive angle to the VENUS /JUPITER conjunction of the USA which should generate a benign high ( sorry I wrote a wrong assumption earlier) accompanied by Venus conjunct Uranus which is the last positive aspect for the medium term. Between then and the 10th March we can expect another reversal down but ideally the VIX will have retested the lows by then.

Excerpt

MONDAY, FEBRUARY 22, 2010 which is the last positive
INVESTOR SENTIMENT READINGS High bullish readings in the Consensus stock index or in the Market Vane stock index usually are signs of Market tops; low ones, market bottoms. Last Week 2 Weeks Ago. 3 Weeks Ago Consensus Index Consensus Bullish Sentiment 51% 56% 60% Source: Consensus Inc., P.O. Box 520526,Independence, Mo. Historical data available at (800) 383-1441. editor@consensus-inc.com AAII Index Bullish 35.9% 36.8% 29.2% Bearish 35.2 41.9 43.1 Neutral 28.9 21.4 27.7 Source: American Association of Individual Investors, 625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170. Market Vane Bullish Consensus 53% 50% 52% Source: Market Vane, P.O. Box 90490, Pasadena, CA 91109 (626) 395-7436. FC Market Sentiment Indicator 57.9% 58.1% 57.8% Source: First Coverage 260 Franklin St., Suite 900 Boston, MA 02110-3112 (617) 303-0180. info@firstcoverage.com FC Market Sentiment is a proprietary indicator derived from actionable sell-side trade ideas sent by the sell-side to their buy-side clients over the First Coverage platform. Over 1,000 institutional sales people at more than 250 firms participate on the First Coverage platform and have contributed hundreds of thousands of ideas since inception. Each Idea is associated with a ticker or sector and is tagged bullish or bearish by the creator. This data is aggregated at the sector, industry and market level. The FC Market Sentiment score ranges from 0-100 (0=most bearish, 50=neutral, and 100=most bullish) and represents a completely objective, real-time view into what advice the sell-side is providing to their buy-side clients Citigroup Panic/Euphoria Model