Markets Advisors Sentiment Bulls+54.3% Bears-19.6%
Note:- Each week I report on Investors Intelligence Bulls and Bears and also, will in future make remarks on the other items I cover.
That is :- DJIA, US Dollar, Crude, N.G., and Gold.
This will save us all allot of time and you will get better service.
Also the figs.will be reported, some times at a later date, as today.
Figs.were out Wed.16th c/o Investors Intelligence at 914-632-9422.
Web site www.investorsintelligence.com
Quote:-
The Bulls continue their slow advance, reaching 54.3% this week from 53.3%. That is their highest reading since the start of 2007, when we counted 55.4%. The current level is still below the recent high set Dec.6th at 59.8%. The advisors continue to view the ongoing rally a healthily degree of skepticism and that is positive for the stock market. It is not easy to make a bullish shift and buy stocks after the strong up move that we have seen in the last several weeks.
The Bears dropped top 19.6%, from 20.0% last issue. Both were the fewest Bears since Aug.5thwhen they were 19.3%. These low levels of bearishness are negative.
2005. Looking for a correction moved down to 26.1%, from the previous 26.7%.
Copy 2007 Investors Intelligence, NY, USA.
DJIA index continues to the sky with no end in sight from my desk, but after my last target of 12,300, that was hit intraday high on Apr.20th at 13,035, report Apr.22nd. Next math number is 13,600 and we hit that intraday, at 13,611 Fri.May 18th. Closed today 13,542.
US Dollar 82.35 hit the 50dma at 82.43 and is still rising. Target remains 83.10.
Crude $66.87 has turned up off the low $60.85 missing my target low of $57.60, error of $3.25.
Point & fig.chart has turned up again after having had trouble getting thru.the $64 sq.of 8.
N.G. $8.09 rising and bullish bar chart. Target $9.31, report Apr.15th.
Gold $663 and still falling. My target remains at $638, report May 10th.
Charlton Capital Ltd. 618