Jake Bernstein's Daily Sentiment Indices:
Current Readings of Trader Sentiment:
S%P 68% bullish 3dy mov ave, 70% 5dy mov ave, 74% 9dy ave.
Nasdaq 64% bullish 3dy mov ave, 68% 5dy, 73% 9dy.
3 Indicator Ave of Consensus Inc, AAII & Market Vane varies between 20% and 60% bullish: has risen to 55% bullish.
Currently doing weekly analysis, but above overbought consensus is complicated by 1yr Nasdaq Business Sentiment rising to a new high for the current uptrend. It leads by 2 1/2 to 5 weeks.
The DSI's on futures markets are considered fully priced at $1500-1750/yr, I believe, but are liberally discounted. When I renewed my subscription early a few months ago, I believe I paid about $500/yr. The Nasdaq DSI, is one of the only Nasdaq sentiment readings available. These indicators are great for accurately timing a buy or sell decision, but I've learned the hard way that they're only useful if one is correct about the underlying intermediate term trend, or if the underlying trend is neutral. Included are Nikkei sentiment, T-Bond sentiment and sentiment re various commodities. |
