THE DOT - if this turns orange or red be alert

Monday, November 8, 2010

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.

excerpt

MONDAY, NOVEMBER 8, 2010Blank Image
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 Week2 Weeks Ago.3 Weeks Ago
Consensus Index
Consensus Bullish Sentiment67%68%57%
Source: Consensus Inc., P.O. Box 520526,Independence, Mo.
Historical data available at (800) 383-1441 . editor@consensus-inc.com
AAII Index
Bullish48.2%51.2%49.6%
Bearish29.821.625.2
Neutral22.027.225.2
Source: American Association of Individual Investors,
625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170.
Market Vane
Bullish Consensus56%57%55%
Source: Market Vane, P.O. Box 90490,
Pasadena, CA 91109 (626) 395-7436.
FC Market Sentiment
Indicator54.5%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
Market Sentiment

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