Short term sentiment gauges jumped over the last week
Short term sentiment gauges jumped over the last week. The CNN fear greed index moved to 67 while NDR short term sentiment is at 62. . While not overbought they are starting to lean bullish. I would rate this neutral at best.
Long term sentiment jumped quite a bit over the last week, NDR Crowd sentiment climbed to 68. Anything over 70 on this gauge should warrant caution. Investors-Intelligence Bull/ Bear sentiment moved to 55% bulls from 52%. The bears remained about the same at 18% bearish. Newsletter writers remain far too bullish and both of these are An intermediate term negative.
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