TSP Talk Sentiment Survey results for the week of 12/19/11- 12/23/11 Sell: The TSP Talk Sentiment Survey came in at 52% bulls, 38% bears, for a bulls to bears ratio of 1.37 to 1. That is a sell signal in a bear market which means the system will remain 100% G Fund for the week of 12/19/11 - 12/23/11.
Bear market rules are in affect 8/22/11: See latest survey results To discuss or comment on the Sentiment Survey, go to Sentiment Survey Talk
I've been traveling all day today and I'm a bit worn out as a result. I'm not going to post my charts tonight, but I did take a quick look at them.
NAMO, NYMO, NAHL, and NYHL all turned back up a bit are are near their respective 6 day EMAs, but they all remain on sells. Any follow through tomorrow would probably flip them them all back to buys.
TRIN is on a buy, while TRINQ is just barely on a sell. They are neutral overall.
BPCOMPQ turned down a bit
The generally supportive nature of OPEX week has been anything but supportive for stock prices this week. For third straight trading day the market has dropped relatively hard.
Of course the financial crisis in the EU continues to be fingered as the reason for the sell off as media reports and opinion pieces continue to paint a bearish picture of the situation.
Such negativity often breeds bearish sentiment, but technical indicators have not been hands down bearish
Updated 12-14-2011 at 09:27 PM by coolhand
12/14/11 The Fed spoiled what looked like a positive day. After the policy statement was read, things went south in a hurry, but it seemed quite emotional so I'm very interested to see how investors react today. Emotional moves tend to reverse rather quickly.
The Dow lost just 66-points on the day and the loss in the S&P 500 was modest, but the more volatile small caps and international stocks were hit much harder.
After yesterday's selling spree, trader's began the day driving prices right back up in spite of some disappointing retail sales numbers released prior to the open.
Retail sales for November came in a 0.2%, which was below estimates calling for 0.6%. Minus autos that number remained at 0.2%, but that was still below expectations of 0.5%.
But while the market came out of the opening bell strong it didn't last much more than the first half hour of trading, which is where