Monthly Archives: June 2011

Sentix Sentiment: Crude Oil Pessimism At Extreme

As a follow-up to last week’s commentary on crude oil sentiment and fading the IAE here is the latest Sentix sentiment overview showing the exceptionally pessimistic sentiment in crude oil: The only other market approaching this level of gloom and … Continue reading

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Sentiment Overview: Week Of June 24th, 2011

Below is this week’s summary of sentiment happenings: Sentiment Surveys The stock market rebound that arrived earlier in the week was enough to put some wind in the sails of the retail US investor. The AAII weekly sentiment survey showed … Continue reading

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Fading The US Strategic Petroleum Reserve Sale

Yesterday while discussing copper prices I hinted that crude oil was in a similarly washed out circumstance when it comes to sentiment. Today’s decision from the International Energy Agency (IEA) to release 60 million barrels of oil from their strategic … Continue reading

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Copper A Buy Again After Brief Correction

In February I shared a chart of the Bloomberg Copper Sentiment index and wrote: It would be truly poetic if copper were topping here, as sentiment suggests. After all, with the advent of not one but two physical copper ETF’s … Continue reading

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Citigroup Economic Surprise Index

The Citigroup Economic Surprise Indexes are a clever concoction that measures the variations in the gap between the expectations and the real economic data. The input consists of the actual econometric data that moves foreign exchange markets – the bigger … Continue reading

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Technical Overview: Week Of June 20th, 2011

After retracing 12%, from peak to trough, the stock market opened and closed almost unchanged for the week. On the charts this produced a doji candlestick which is usually interpreted as indecision in Japanese candlestick charting schools. The S&P 500 … Continue reading

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Sentix Sentiment: Less Pessimistic But Still Cautious

The current sentix sentiment readings for various indexes and asset classes suggest that investors are still cautious while moving away from the recent pessimism: Among world indexes, the two with the most bearish sentiment are Japan (Nikkei) and China (CSI). … Continue reading

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