Bullish Sentiment Collapses

Bullish Sentiment Collapses

Investor are extremely fearful. Bullish sentiment fell over 16% over the last week. Now stands at 21.7%. Neutral sentiment fell 7% over the last week. Now stands at 30%. Bearish sentiment leaped over 24% over the last week. Now at 48.2%. The end result: The Bull/Bear...
Bond Rally Overdone

Bond Rally Overdone

The 2.2% to 2.1% area has marked major lows in the long end(30 Year Treasury Yield). The 30 yr. yield has collapsed in August. At today’s low the TYX is at 2.15%. This area has produced major lows since the Fed’s tightening cycle began in the 4th quarter...
IBM Update

IBM Update

Back on April 17th IBM took a big hit.  This earnings inspired flush(-4.15%) attracted the heaviest volume in months.  IBM remained fairly stable through the rest of April and into early May but it was clear a bear channel was building.  By late May shares were down...
What Streak?

What Streak?

The S&P 500 Index entered last week with a four week losing streak.  Since March of 2009 it has only made it to five straight once.  What happens when investor optimism reaches dramatically low levels?  Losing streaks end abruptly.  The SP 500 Index closed Friday...