Friday, December 15, 2006

Investor Sentiment Check

Sentiment indicators are mixed today, and likely being skewed by options expiration.

The ARMS index is above-aveage at 0.96.

But the CBOE put/call is low at 0.69. The ISEE is about average at 142.

I think the market will chop around into the close. But I think yesterday's breakout was meaningful, especially on the Nasdaq, and we should see more strength next week.


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