Our current reading of the sentiment indicators is NEGATIVE. %Bears moved into sell mode in February. The indicator has gotten slightly worse over the last month. The Put/Call indicator is neutral to slightly positive. Market Vane and Consensus, Inc. figures are showing more bulls – we do not provide but these are now weak and getting worse. We rate sentiment negative here because the intermediate sentiment indicator remains in sell mode, while Put/Call is in neutral territory, after giving a slight sell signal. Put/Call is about the same as the last few months’ reports.
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