Wednesday, 18 January 2012

Market Sentiment Indicator for today

New York Stock Exchange Sentiment indicator: 63.718% (Bullish)
Nasdaq Sentiment indicator: 52.417% (Bullish : Bull confirmed 17 Jan)
S&P 500 Sentiment indicator: 73.60% (Bullish)
Energy Sentiment indicator: 53.488% (Bullish : Bull confirmed 10 Jan)
Financial Sentiment indicator: 71.605% (Bullish)

A reading above 70 means Overbought condition. Pls note that entering position above 70 indicates Market Risk is high. You may want to play short term or lower your position size.

STI is the Only Flower stuck in a pile of Cow Dung! - The only major index in Asia that is in the Green

Dear Friends, A few days ago, I issued a post on where I think is the accumulation area of STI - 3300-3350. Yesterday it dropped into thi...