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A new worry is signaled from the spread between the bulls and bears which rose to 42.5%. That is up nearly 10% from the two prior readings of 37.3% and 32.7%. The difference is also just above the 41.5% that ended December and below the 42.7% spread from mid-November. Both were trading tops so concerns increase. Differences over 30% are a worry and above 40% signal major caution. At the mid-Oct lows the spread was only 17.1% and favorable for accumulation in a rising stock environment. In Aug-2013 it was 13.4%. The bears haven't outnumbered bulls (a negative spread) since October 2011."
King World News note: See the remarkable illustration below which shows the stock market bulls outnumber the bears by one of the largest totals in the past 5 years!"
Sentiment Chart
at http://kingworldnews.com/remarkable-illustration-warns-serious-turbulence-ahead-major-markets/
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