Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: oexchaos	12/16/2005 3:02:30 PM
	Read Replies (2) of 209892

This is part of my morning letter with the run-down of the message board and options sentiment. Message Board Sentiment The message board sentiment poll shows Bulls at 39% and Bears at 21%. This as Bullish since these pollees are right more often than not. Note that the number of Bulls is well down from yesterday. The Actual Position Poll shows 52% at least partially long, and 21% at least partially short. There are just 10.24% fully short Bears. This is well below my 20% threshold. The large number of long Bulls is reason for caution, strong season notwithstanding. Today is Op-Ex (the open for SPX and the close for OEX). Anything can happen, but watch to see if the gap up holds. Options Sentiment The equity P/C ratio fell to a rather Bearish 0.42. The OEX PC ratio rose to a bearish 1.46. The OEX $-weighted Put/Call data from Hamzei Analytics fell to a still Bearish 0.40. Expiration makes that harder to interpret, but I'm not liking it. The QQQQ $-Weighted P/C ratio came in at an even more Bearish 0.14. This is about as low as it gets and suggests serious caution. The 10-day P/C ratio is at a neutral 0.74, but this measure is getting closer to sell territory. The daily P/C ratio is at a solidly Bearish 0.41. ISEE came in with another Bearish reading of 218. This indicator is contrarian; over 200 is too optimistic, under 100 too pessimistic. Obviously, expiration can be aberrating all of these measures, but when they ALL seem to be indicating over-optimism, we have to be on guard. You can get the daily message board poll sentiment real time here traders-talk.com It's free and there are archives. You can also ask me questions there, if you have any. Mark Young WallStreetSentiment

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next