Wednesday, 22 February 2012

Market Sentiment Indicator for 22 Feb

New York Stock Exchange Sentiment indicator: 77.67% (Bullish signal: Bull confirmed 7 Dec)
Nasdaq Sentiment indicator: 63.70% (Bullish signal: Bull confirmed 17 Jan)
S&P 500 Sentiment indicator: 84.60% (Bullish signal: Bull confirmed 5 Dec)   

(NYSE & S&P 500 Above 70% now. US may be due for a correction these 2 mths. Pls wait for my Bearish Signal)

Energy Sentiment indicator: 81.40% (Bullish : Bull confirmed 10 Jan)
Financial Sentiment indicator: 85.19% (Bullish : Bull confirmed 5 Dec)

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. If Bullish sign turns Bearish when reading is above 70 means you should liquidate positions.

Pls note that this is not a RSI reading. Eg. New York Stock Exchange Sentiment indicator measures how many stocks are bullish now for all stocks listed in NYSE.

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

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