US Major Market Sentiment: the Bulls vs. Bears

Sentiment Indicators

Watching the VIX. the VIX has fallen to 17 from 30 back in December. The VIX sold as the market rallied as expected. It is down here and it is not signaling a sell-off. Remember correlation? Now there is none. So it can move further South and it can stay down for a long time with no real meaning.

VIX: 17.1; -0.88

VXN: 18.21; -0.68

VXO: 16.19; -0.84

Put/Call Ratio (CBOE): 0.77; -0.11

Bulls vs Bears

The Bulls are at 48.9% vs 50.0% last. A bit of a dip as market moved North, consider it on the Flat Line as it was for all of January.

For your reference: 35% is the threshold mark suggesting Bullishness, and to be really Bearish it has to get up to the 60 to 65% mark.

The Bears are at 29.8% vs 28.7% last. Standing back at 29.8% after a bit of a dip. The Bears are still skeptical, but the market is riding that skepticism aka Wall of Worry North. As it holds the 30% mark where the Bears moved to in early December and have stayed since. The Bears have been back and forth around 30% (the Flat Line) for 8 wks now.

For your reference: Bearishness tapped a 5 yr high at 54.4% the last week of October 2008. Thaat move over 50 took Bearish sentiment to its highest level since Y 1995, extreme negative sentiment for sure.

Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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Posted by Shayne Heffernan on Feb 5th, 2012and filed underCompanies, Latest News.You can follow any responses to this entry through theRSS 2.0Responses are currently closed, but you can trackback from your own site.