Au Contraire

Jeffrey Cooper of Minyanville.com points out that the Daily Sentiment Index of S&P futures traders is at 93%, the highest reading in 3 1/2 years. That is extreme, but I am not familiar with the indicator.I like to stick to the indicators I always follow because one can always mine for data to confirm their bias and my bias is to want to be bearish. Does anybody follow this indicator or have any thoughts?

1 comment:

Chaos! said...

Huge put buying on CBOE equity options. Probably contains the downside in the short term.