Entrepreneur
Kurra Bewarse Username: Entrepreneur
Post Number: 3956 Registered: 05-2011 Posted From: 24.164.46.35
Rating: N/A Votes: 0 | Posted on Friday, January 21, 2022 - 12:19 pm: | |
Sentiment and Breadth Readings: The VIX readings above 20 favor a "risk off/bearish" approach to markets. On the rise this week over 25, reflecting the higher volatility as stocks widen their ranges on weakness. The Put/Call ratio has treated the 0.80 level as its new "neutral" zone for over a year, rarely probing 1.0, so still favoring strong underlying strength in the market. A jump over 1.0 has signaled a "buy the dip" opportunity for a year and half now. Drops below 0.80 have hinted at a strong market. The NYSE McClellan Oscillator measures the spread between the 19 and 39 day moving averages of Advancing vs. Declining stocks. Slides lower this week into "oversold" below -50. The Weekly AAII Sentiment (as of January 19) shows Bullishness fell another -5%, now about -17% below historical average. Bearishness jumped +8%, currently about +15% above its historical average. The Fear & Greed Index sits along 52 for a neutral read. |