Coolhand's Market Analysis

Our sentiment survey for this coming week inched just a bit more bullish than last and is on a hold (buy) status. Seems most traders and investors have got the Fed memo now that POMO will buoy that markets. And if that's not enough we'll launch QE3. And besides, Santa's coming and a big tax break is in the works. What can go wrong?

I have to admit, there has been several occasions these past few months where the charts didn't look too good and were ready to roll over into a decline, but each time the bull came roaring back. Last week some the seven sentinels seemed to be rolling over, while BPCOMPQ kept moving up. And it's looking mighty bullish right now.

Here's this week's tracker charts:




The Top 50 now have more than an 80% stock allocation. We have to go back to the April-May time frame to see that much exposure. Bonds are all buy abandoned.




The Total Tracker shows a rise in bullishness too as stock allocations have risen for the second straight week here too.

This week is OPEX and we're not quite half way through the month. I'm wondering just how deep Santa's bag of gifts is?