Tuesday, October 24, 2006

Investor Sentiment Check

The markets remain under a bit of selling pressure today.

Big-cap tech is lagging the most, with the NDX down 1.05% vs. -0.25% for the SPX. Biotechs are also down -1.2%, despite the pop in AMGN. Energy and material stocks are enjoying the biggest bounce.

As for measures of investor anxiety, the VIX/VXN are relatively flat. The CBOE put/call ratio is above-average at 1.10. The ISEE is neutral at 152.

Overall, sentiment is mixed, though the high put/call ratio could keep things from dropping too much today.


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