Investor Sentiment Check

The markets have been hanging in well so far today. Growth stocks are back in the drivers seat, aided by tech stocks, with the NDX +1.4% vs. the SPX at +0.4%.

Oil is only down slightly, hovering just below $55. And measure of investor sentiment are slighltly elevated:

• The ARMS Index is around average at 1.03
• The CBOE put/call is slightly above-average at 0.94
• The ISEE is down -23% to a low level of 106

The elevated put/call ratios should support the market into the close. The SPX made a new yearly intraday high today, and the COMP is bouncing strongly off of its 50-day.