Sector Investing

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Investors Intelligence Update... My commentary - While not overly bullish by previous major market top terms the numbers that came out this week are in line with those seen at past short term market tops over the last year. RtS

http://www.schaeffersresearch.com/streetools/market_tools/investors_intelligence.aspx

 
 Date Published 	Percent Bullish 	Percent Bearish 
 01/30 	54.3 	22.3 
 01/23 	53.2 	22.3 
 01/16 	53.2 	22.3 
 01/09 	51.1 	23.4 
 01/02 	47.8 	24.5 
 12/26 	48.9 	24.5 
 12/19 	46.8 	24.5 
 12/12 	45.7 	23.4 
 12/05 	43.6 	25.5 
 11/28 	39.3 	27.7 
 11/21 	37.2 	27.7 
 11/14 	38.3 	28.7 
 11/07 	43.6 	27.7 
 10/31 	41.5 	27.7 
 10/24 	41.5 	27.7 
 10/17 	42.6 	26.6 
 10/10 	45.7 	25.5 
 10/03 	46.8 	25.5 
 09/26 	51 	24.5 
 09/19 	54.2 	24.5

As for the BPNDX numbers the changes allowed for a net gain of 3 buy signals over the past month of upward trading. My big complaint is that not only did the 10 stocks added not outperform those subtracted but they changes make the move look stronger than it really has been. RtS