Investor Sentiment Check
Investor anxiety is running above average today. The volatility indexes are up (VIX/VXN), and the ARMS Index is elevated as well.
As for the put/call ratios, the CBOE put/call has been running above 1.0 all afternoon.
The ISEE is the only one not confirming this, with an elevated reading of 181. It also touched 200 this morning for the first time in months.
Overall, the market is still hanging in okay. Energy stocks are under heavy selling pressure again as oil continues its recent plunge. It is now getting close to the $51 level. Investors are also likely jittery over the start of earnings season.