Monday, December 21, 2009

Sentiment Alert

Eric has done an excellent run-down of the various sentiment charts and his Davis Sentiment Indicator (TM) is pegged at 9.7 this morning (>5.0 indicates that bulls outnumber bears; >9.0 = Yikes!)

Also, the Rydex leveraged funds are telling us that the bears have gone into hibernation.

Good sentiment stuff on this snowy Monday to start off a likely low volume holiday week.

1 comment:

  1. I always like to pay close attention to sentiment indicaters because whenever every market guru is in agreement thats a good sign a turn is coming most of the time the so called experts are dead wrong.