ajtj99's Market Pulse

[Justa Werkenstiff]

Market: Short term sentiment is at overbought and not frothy. Price indicators are neutral. Sox has been oversold for a few days and have bouncing around in that frameowork. It seems though that any rally here brings back the bulls in force and leads to instant exuberance. But it also seems we need for this to happen somewhat before we get any meaningful down.

One survey I follow has bulls and bears neutral in market view but by a bit more than 2 to 1 margin they are positioned long as opposed to short.

Nothing has changed for me.