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Entrepreneur
Kurra Bewarse
Username: Entrepreneur

Post Number: 3956
Registered: 05-2011
Posted From: 24.164.46.35

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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.

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