Short-term sentiment was mixed this week

Short-term sentiment was mixed this week. NDR short-term sentiment dropped a bit to 50,

A neutral ready. However the CNN Fear & Greed Index moved from 62 to 71, a negative

suggestive of too much bullishness creeping into the market.

The intermediate-term indicators were inline with last weeks gauges, which were a bit too bullish.

NDR crowd sentiment came in at 67.5%, very close to the dangerous

70% plus area. Investor’s intelligence registered at 55% bulls and 18% bears, which remains unfavorable and indicates that

There are currently too many bullish newsletter writers. Sentiment continues to keep us cautious.

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