Current Sentiment Readings:
CBOE P/C Ratio Friday Close @ 0.99
CBOE P/C Ratio 5-day SMA: 0.84 (all-time avg. 0.72, @1/20/04 top 0.59)
CBOE P/C Ratio 10-day SMA: 0.88 (all-time avg. 0.72, @1/20/04 top 0.63)
CBOE P/C Ratio 21-day SMA: 0.86 (all-time avg. 0.72, @1/20/04 top 0.68)
NYSE SSR/PSR:
NYSE SSR 10-w SMA: 19% (all-time avg. 47%)
NYSE PSR 10-w SMA: 50% (all-time avg. 29%)
NYSE Odd-Lot Short Sales Ratio: this week reading 14.1%
5-w SMA: 13.5% (all-time avg. 5.8%)
10-w SMA: 13.8% (all-time avg. 5.8%)
21-w SMA: 14.5% (all-time avg. 5.8%)
In historic terms, the Small Specs have NEVER been this bearish, and are shorting the heck out of this market.
