From our 2/06/09 daily market commentary.
Our TSP Talk Sentiment Survey moved into neutral territory with a bulls (34%) to bears (51%) ratio of 0.67 to 1. That keeps the system on a buy signal for next week since this week's signal was a buy. By the way, the system is up +2.7% in 2009 with its new parameters
The AAII Investor Sentiment Survey was rather strange this week. The bullish percentage remains 25% but the bearish percentage moved from 47% down to to 31%. What's strange is that the 25% bulls and 31% bears are both the lowest readings in several months. That means 44% were unsure or neutral.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
I'm not sure exactly what that means for the market since the 25% bulls is low enough to be bullish for stocks, but the 31% bearish reading is low enough to be bearish for stocks.
Our TSP Talk Sentiment Survey moved into neutral territory with a bulls (34%) to bears (51%) ratio of 0.67 to 1. That keeps the system on a buy signal for next week since this week's signal was a buy. By the way, the system is up +2.7% in 2009 with its new parameters
The AAII Investor Sentiment Survey was rather strange this week. The bullish percentage remains 25% but the bearish percentage moved from 47% down to to 31%. What's strange is that the 25% bulls and 31% bears are both the lowest readings in several months. That means 44% were unsure or neutral.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
I'm not sure exactly what that means for the market since the 25% bulls is low enough to be bullish for stocks, but the 31% bearish reading is low enough to be bearish for stocks.
