There's Something Happening Here

Anecdotally, it feels like there has been a change in sentiment over the weekend. There is nothing concrete I can point to other than the ISE all equity ratio. The bears are awfully quiet and it feels like they have given up. For the past few weeks I have harped on how sentiment was not lining up for a correction. While we are not at the extremes of January I believe sentiment is now on the bears side. The bulls still have momentum.

1 comment:

Onlooker said...

It really is getting elevated here on this flattish day, eh?

Interesting.