Sunday Indicator Updates

Terrific Market Analysis


There are a bunch of indicators already at contrarian extremes and they would argue that stocks are close to a low. Here, ISEE put call, daily sentiment index and CBOE put call:


Sources: Contrahour, Chad Gassaway, Stockcharts

Then there are others which have either not washed out sufficiently yet or at levels whereby we might argue ‘done’ if just a bull market correction or ‘just getting started’ if we are now in a bear market. Here, Investors Intelligence sentiment, AAII sentiment, SP500 new highs new lows, NAAIM manager exposure, volatility, and the Arms index.

Screen Shot 2015-08-23 at 07.43.0123augu723augu623augu4

Sources: Yardeni, Stockcharts

If we consider the 5% decline across the last two days of last week, it suggests we are in the territory of a nastier correction or bear market.


Source: Ryan Detrick

Additionally, Friday was a major distribution day and one of four recent such events. Major distribution days near the highs are a typical…

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About rajveeronmarkets

I am an avid market watcher having followed capital markets in the US and India since 1993. My research interests includes areas of Capital Markets, Banking, Investment Analysis and Portfolio Management and have over 20 years of experience in the above areas covering the US and Indian Markets.
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