Permabulls always say everyone's bearish.<\/p>\n
And permabears always say everyone's bullish.<\/p>\n
Neither side provides evidence for their views.<\/p>\n
So let's see how traders are feeling into today's inauguration:<\/p>\n
1) VIX Spread – Bullish<\/strong><\/p>\n The 3-month VIX spread is at +4.51, which indicates traders are pricing in very low near-term volatility.<\/p>\n This means traders are bullish.<\/p>\n 2) CNN Fear & Greed Index – Neutral\u00a0<\/strong><\/p>\n The Fear & Greed Index is at 49.<\/p>\n F&G operates on a 1-100 scale, and 50 is neutral.<\/p>\n So we're right in the middle.<\/p>\n 3) AAII Sentiment – Bearish<\/strong><\/p>\n The latest AAII Sentiment Survey shows that 32.8% of individual investors are bullish, which is below the long-term average of 38.5%.<\/p>\n 4<\/strong>) CBOE Equity Put-Call – Bearish<\/strong><\/p>\n The CBOE Equity-Put Call ratio is at 0.71 with a 3-day moving average of 0.74. This indicates higher-than-average bearishness.<\/p>\n 5) ISE Sentiment – Bearish<\/strong><\/p>\n The ISE Sentiment Index is at just 79 (79 calls for every 100 puts) this morning – which is a bearish reading.\u00a0 And the 10-day moving average is 81.3.<\/p>\n This also indicates bearish sentiment.<\/p>\n Conclusion<\/strong><\/p>\n Out of 5 sentiment indicators, we have 1 bullish, 1 neutral, and 3 bearish.<\/p>\n I've been hearing a lot of chatter about how bullish the crowd is.<\/p>\n But if anything, traders are leaning against the market, hoping for a fall.<\/p>\n","protected":false},"excerpt":{"rendered":" Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. Neither side provides evidence for their views. So let’s see how traders are feeling into today’s inauguration: 1) VIX Spread – Bullish The 3-month VIX spread is at +4.51, which indicates traders are pricing in very low near-term volatility. This means traders are bullish. 2) CNN Fear & Greed Index – Neutral\u00a0 The Fear & Greed Index is at 49. F&G operates on a 1-100 scale, and 50 is neutral. So we’re right in the middle. 3) AAII Sentiment – Bearish The latest AAII Sentiment Survey shows that 32.8% of individual investors are bullish, which is below the long-term average of 38.5%. 4) CBOE Equity Put-Call – Bearish The CBOE Equity-Put Call ratio is at 0.71 with a 3-day moving average of 0.74. This indicates higher-than-average bearishness. 5) ISE Sentiment – Bearish The ISE Sentiment Index is at just 79 (79 calls for every 100 puts) this morning – which is a bearish reading.\u00a0 And the 10-day moving average is 81.3. This also indicates bearish sentiment. Conclusion Out of 5 sentiment indicators, we have 1 bullish, 1 neutral, and 3 bearish. I’ve been hearing a lot of chatter about how bullish the crowd is. But if anything, traders are leaning against the market, hoping for a fall.<\/p>\n","protected":false},"author":2,"featured_media":5888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,465],"tags":[302,303,305,330,47,475,476],"class_list":["post-8009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-michael-comeau","tag-aaii-sentiment","tag-cnn-fear-greed-index","tag-ise-sentiment-index","tag-put-call-ratio","tag-sentiment","tag-sentiment-update","tag-weekly-sentiment-update"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/8009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=8009"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/8009\/revisions"}],"predecessor-version":[{"id":8010,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/8009\/revisions\/8010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/5888"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=8009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=8009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=8009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}