TSP Talk Sentiment Survey results for the week of 05/23/11 - 05/27/11 Hold: The TSP Talk Sentiment Survey came in at 1.43 to 1 bulls (50%) to bears (35%) ratio. That is a neutral reading so the system's allocation remains 100% S-Fund the week of 05/23/11 - 05/27/11 Bull market rules are in affect since 9/27/10: See latest survey results To discuss or comment on the Sentiment Survey, go to Sentiment Survey Talk The legal
Can bearish sentiment keep rally going? - Stocks closed higher yesterday despite some disappointing economic news. The Dow added 45-points on the day - slightly off the highs, but well off of the lows... Current Daily Market Commentary Market Commentary for 5/20/11
It was choppy trading on this day before OPEX, but the broader market managed to stay above the neutral line most of the day and closed with modestly higher gains across the board.
Prior to the open, the initial jobless claims number was released, which saw claims drop to 409,000, which is less than the 420,000 economists were looking for. This seemed to help set the tone for a follow through day to the upside, although the market ran into trouble shortly after the May Philadelphia
Follow-through - Stocks followed through on Tuesday's turnaround by rallying nicely on Wednesday. The Dow gained 81-points on the day and we saw some technical improvements in the charts... Current Daily Market Commentary Market Commentary for 5/19/11
I'd been saying that OPEX week tends to be supportive of the overall market and that we should see some measure of a rally this week in spite of the selling pressure that market has endured the past few trading days. After today's gains in the broader market, most of the losses since Monday have been erased. And not only did we get a rally, it stuck. My guess was it would be sold, but on that count I was wrong. Of course there's always tomorrow.
Moving on, the biggest non-event of