Market Sentiment 05 (Nov 17 - Dec 25)

[winston]

SENTIMENT

VIX: 11.64; -0.55
VXN: 15.81; -0.50
VXO: 10.14; -0.72

Put/Call Ratio (CBOE): 0.90; -0.07

Bulls and Bears:

A bit of market volatility boosted bears to their highest in 8 weeks. Bulls held on to their recent levels, unwilling to leave the 50 range the past 8 weeks.

That leaves bulls well off the highs, but still near the top of the historic range that leads to pullbacks.

Bulls: 54.5 versus 54.9
Bears: 18.8 versus 18.6

Source: Investment House

[winston]

SENTIMENT

VIX: 13.16; +1.89
VXN: 16.22; +1.31
VXO: 11.85; +1.72

Put/Call Ratio (CBOE): 1.20; +0.35

Bulls and Bears:

Market in a recovery mode so the bulls recovered a bit, bears fell a bit, but no significant change on the week. That likely changes some after Friday.

Bulls: 54.9 versus 54.5
Bears: 18.6 versus 18.8

Source: Investment House

[winston]

SENTIMENT

VIX: 12.64; -0.81
VXN: 15.86; -0.57
VXO: 11.19; -0.75

Put/Call Ratio (CBOE): 1.04; +0.10

Bulls and Bears:

Recovery in bulls continues with a solid advance pushing bulls back up in the top of the range. Bears remain elevated from the lows, but flat-lining a bit the past several weeks.

Bulls: 57.3 versus 54.9
Bears: 18.4 versus 18.6

Source: Investment House

[winston]

SENTIMENT
VIX: 11.99; -0.42
VXN: 15.16; -0.63
VXO: 10.98; -0.06

Put/Call Ratio (CBOE): 0.92; -0.11

Bulls and Bears:

Bulls continue upside toward the 60 level that is associated with pullbacks.
Bears faded modestly but are still holding the 2018 move higher.

Bulls: 57.7 versus 57.3
Bears: 18.3 versus 18.4

Source: Investment House

[winston]

SENTIMENT

VIX: 12.86; -0.67. Still range bound and that is fine. The only thing really to fear is if VIX rises as the market rises, not the case now.

VXN: 16.04; +0.02
VXO: 11.16; -0.52

Put/Call Ratio (CBOE): 1.03; +0.21

Bulls and Bears:

Bulls rallied again, effectively at the 60 level associated with pullbacks. Bears are elevated but still quite low. At this level of bulls it is time to start watching how the leaders perform. Thus far they are fine.

Bulls: 59.6 versus 57.7
Bears: 18.3 versus 18.3

Source: Investment House

[winston]

SENTIMENT

VIX: 14.88; +0.23. VIX rose the entire week, moving up to the 200 day SMA where it stalled mid-August. As the market faded you would expect it to rise and it did. Still in the longer term range, no significant indications here yet.
VXN: 19.76; +0.59
VXO: 13.66; +0.78

Put/Call Ratio (CBOE): 1.17; +0.12

Bulls and Bears:

Bulls now back at 60, a number that suggests excessive bullishness and thus likely selling. The market is already pulling back but -- modestly thus far. This indication has a bit of a delayed effect: everyone is bullish and feeling good and it takes a bit for the market to peak. Once everyone who wants to put money in upside is in, then you get the decline.

Bulls: 60.1 versus 59.6
Bears: 18.1 versus 18.3

Source: Investment House

[winston]

SENTIMENT

VIX: 14.88; +0.23. VIX rose the entire week, moving up to the 200 day SMA where it stalled mid-August. As the market faded you would expect it to rise and it did. Still in the longer term range, no significant indications here yet.
VXN: 19.76; +0.59
VXO: 13.66; +0.78

Put/Call Ratio (CBOE): 1.17; +0.12

Bulls and Bears:

Bulls now back at 60, a number that suggests excessive bullishness and thus likely selling. The market is already pulling back but -- modestly thus far. This indication has a bit of a delayed effect: everyone is bullish and feeling good and it takes a bit for the market to peak. Once everyone who wants to put money in upside is in, then you get the decline.

Bulls: 60.1 versus 59.6
Bears: 18.1 versus 18.3

Source: Investment House

[winston]

SENTIMENT

VIX: 12.07; -0.30
VXN: 16.12; -0.33
VXO: 10.80; +0.14

Put/Call Ratio (CBOE): 0.83; -0.01

Bulls and Bears:

After a one week move to 60 the bulls faded but not significantly. This move reflects two weeks ago, and the market was n a fade to test. With all the negative commentary from the big brokerages and billionaires, even a routine test of the trend support freaks some investors.

Bears were up, but still quite low historically.

Bulls: 57.7 versus 60.1
Bears: 18.3 versus 18.1

Source: Investment House

[winston]

SENTIMENT

VIX: 12.07; -0.30
VXN: 16.12; -0.33
VXO: 10.80; +0.14

Put/Call Ratio (CBOE): 0.83; -0.01

Bulls and Bears:

After a one week move to 60 the bulls faded but not significantly. This move reflects two weeks ago, and the market was n a fade to test. With all the negative commentary from the big brokerages and billionaires, even a routine test of the trend support freaks some investors.

Bears were up, but still quite low historically.

Bulls: 57.7 versus 60.1
Bears: 18.3 versus 18.1

Source: Investment House

[winston]

SENTIMENT

VIX: 11.68; -0.12
VXN: 16.84; +0.64
VXO: 10.89; +0.22

Put/Call Ratio (CBOE): 0.98; +0.09

Bulls and Bears:

Bulls continue bumping at 60.0, a historically high level that leads to declines. Bears remain elevated, but not moving higher right now.

Bulls: 59.0 versus 57.7
Bears: 18.1 versus 18.3

Source: Investment House