THE LMTR EDGE:

Join over 25,000 investors and get alerts for:
  • Market Timing Reports
  • Sentiment Updates
  • Chart of the Week
  • Weekly Podcasts
  • The Magic Number - Top Stocks

Category: Sentiment Updates

The CNN greed fear index is at 55, up from the low teens a few

weeks ago. The NDR short term gauge is currently at 66, up from its lows in the teens in February.

This is a negative from a contrarian point-of-view, as

optimism has begun to rise.

Intermediate term sentiment from the Investor’s Intelligence  is at 46% bulls

and 19% bears.  NDR crowd sentiment is at 66. Both are midrange, however neither

have reached the oversold levels typical after such high numbers from January.

Short term sentiment gauges, such as the CNN fear greed indicator and the NDR short term sentiment indicator are mid-range, at 44 and 54 respectively. This does not reveal a direction either way, and little has changed from last week. Intermediate indicators have yet to reach oversold territory. In January many sentiment indicators were as high as they had been in decades. Currently Ned Davis crowd sentiment is at 59, while the newsletter writers’ bulls/bears have improved to 19 bearish and 49 bullish. These indicators are not signaling that it’s a time to buy right now.

Short term sentiment gauges have begun to bounce from their recent oversold positions. NDR short term sentiment is at 44,
up from the low 20’s. However intermediate term indicators, such as Investors Intelligence which currently stands at
48 bulls and 15 bears, failed to reach an oversold range. Had the indicators reached an oversold range, it would have suggested that a long-term bottom was in place.

The CNN fear -greed gauge is a bit more short-term. This indicator remains in the bullish range, as short-term fear remains
on the high side. Continued bouncing is needed in the short term in order for these gauges to return to a position of optimism.

Visit CNN Money – Fear & Greed Index Tool Here.

By Brad Lamensdorf

2018 - All Rights Reserved © LMTR, LLC

Contact Email: info@lmtr.com