1 Despite the fact that most broad-based stock indexes are hovering near new highs, "sentiment" has deteriorated, forming a kind of negative divergence. Rising bullishness would be better » 2 Last week we discussed the Options Speculation Index, and that it had a bit more room to become more extreme, above 120%. It did so this week, meaning that traders have been focused on bullish strategies to a highly skewed degree - normally a contrary indicator (i.e. negative for stocks going forward). ..Sentiment Trader
Posted on: Tue, 13 Aug 2013 00:02:44 +0000