Tuesday, May 08, 2007

Investor Sentiment Check

Investor sentiment guages have been running at elevated levels today, which is probably one of the reasons that the market made its low very early, and has been bouncing. The Nasdaq 100 has climbed all the way back into positive territory.

  • The ARMS Index is above-average at 1.05
  • The CBOE put/call ratio is high at 1.12
  • The ISEE is at the low level of 114

I think most people saw this morning's weakness and assumed it would continue for the remainder of the session. Days like today continue to be very frustrating for the bears, who just cannot gain any traction.

Here are some stocks making notable, high-volume moves:

  • Rising Stocks
    ETE, WRNC, BCO, CMTL, CHE, FWLT, RIMM, MDTH, BBBB
  • Falling Stocks
    MSTR, DJO, SCRX, CUTR, HLYS, TOC, BRNC, NSR, WTI, AMSF

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