There are numerous sentiment indicators in technical analysis. In this section we will provide investor sentiment. 

If momentum indicators look at the strength of a move, sentiment measures look at the way investors react to the move. Sentiment figures are considered a contrarian indicator in that excessive bullishness is a bearish sign and vice versa. When investors are optimistic, most of the buying has been done. By contrast, when there is disinterest or bearishness, most of the selling is out of the way. For example, if you study the stock sentiment figures (select Dow Jones Industrial Average), you will notice that an extreme change in the sentiment figure often is coincident with an important change in the trend of the Dow Jones Industrial Average. 

There are four well-known sentiment indicators: Investors Intelligence, Consensus Inc., American Association of Individual Investors, and Market Vane Corp. We utilize Market Vane’s proprietary figures in this report. Market Vane does a daily survey of commodity newsletter writers, asks opinions on stocks and bond futures as well as various commodities. An 80% or higher reading means this measure indicates an upside extreme in sentiment, while a 30% or lower reading indicates a downside extreme in sentiment.

We concentrate on four markets; stocks bonds, crude oil and gold.  To see what current sentiment is on any of these sectors, select your choice below: