Short term sentiment gauges have moved up quite a bit

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.

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