Thursday, September 4, 2014


The big news today isn’t coming from the economy or world events, it is the fact the number of bears in the US Advisors’ Sentiment Report came in at their lowest level since February 1987 at just 13.3%.
This matters because many use this poll as a contrarian indicator.  The thinking goes if there are no bears left, then we could be near a major peak as there is no one left to buy as everyone is bullish.  Lastly, this poll looks at what newsletter writers are thinking.  
I’ll leave you with this thought.  Technically, I continue to see very few problems with the market.  One of my favorite indicators is the cumulative advance/decline issues at the NYSE.  When you have many issues advancing, this usually means the overall market will follow suit.  Not much wrong with this picture.

DYI
 

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