Sentiment update

Markets and sentiments have reached short term extreme levels up to 95% as Vix has basically reached our target zone of 17-18 but yet stands at an 11 count hence we need at least 1 lower close could be 2. Parallel the NDX count is at 11 and SPX at 10 - its save to say this week we will produce 2 higher closes before the correction will be triggered. As financials are the new driving force which will remain also after the correction they are not the best choice for shorts the next days.

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MONDAY, NOVEMBER 8, 2010
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 67% 68% 57% Source: Consensus Inc., P.O. Box 520526,Independence, Mo. Historical data available at (800) 383-1441 . editor@consensus-inc.com AAII Index Bullish 48.2% 51.2% 49.6% Bearish 29.8 21.6 25.2 Neutral 22.0 27.2 25.2 Source: American Association of Individual Investors, 625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170. Market Vane Bullish Consensus 56% 57% 55% Source: Market Vane, P.O. Box 90490, Pasadena, CA 91109 (626) 395-7436. FC Market Sentiment Indicator 54.5% 54.1% 54.0% 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