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TSP Talk Sentiment Survey results for the week of 01/25/16 - 01/29/16
The TSP Talk Sentiment Survey came in at 36% bulls, 50% bears.
See latest survey results
Get the Sentiment System Signals...
Stocks rallied strongly on Friday following a nearly perfect capitulation day on Wednesday, and an indecisive "spinning top" day on Thursday. The Dow gained 210-points but percentage-wise the broader indices performed even better. The rally was fueled by a mid-week reversal in the price of oil which is up an amazing 20% in the last two days.
It is no secret that this January's performance is the worst ever for this particular month. But last week the market managed to stage somewhat of a rally. The big question of course, is whether the worst is over or not?
That depends on the time frame.
In the short term, it may be. But longer term...
The Wilshire 4500 is made up all the U.S. stocks except those in the S&P 500. This weekly chart, which I posted
After 3 straight weeks down, it was good to put a stop to the downslide (although the volatility still does exist).
SPX’s week 4 ranks as the 3rd best week within the 13-week 1st quarter period (HOT)
3rd best winning ratio
3rd best positive average gains
3rd best average gains
8th best negative average gains
W4500’s week 4 ranks as the 10th best week within the 13-week 1st quarter period (COLD)
Updated 01-24-2016 at 06:51 AM by JTH
We saw some interesting action during the four day week producing a potential bottom to these January woes. Nothing is certain but the bulls do have a little momentum on their side as we run into earnings season.
Although the day ended in negative territory, Wednesday's reversal gave buyers some confidence and a reason to believe the worst was behind them, although technicians know a est of the lows is possible. The bulls followed up with modest gains on Thursday and a gain of over