sentimenTrader.com Intraday UpdatesAnalysis Over Emotion...Sentiment Analysis for the Stock and Bond Markets(Untitled)- October 12, 2004 While reactions to earnings reports from YHOO and INTC will likely have an impact on otherwise "normal" market behavior, today's action in the NDX is interesting. There have been 30 times this year where the NDX opened for trading at least 0.5% below where it closed the previous day. Only 10 times did it fully close the gap that same day by trading above the previous day's close. While that seems like a positive development, three days later the index was actually LOWER 7 out of the.http://radio.weblogs.com/0129901/2004/10/12.html#a116 (Untitled)- October 1, 2004 In the last comment, I pointed out the apathy regarding semiconductor shares. With the nice rally since then, not much has changed in that respect (Rydex assets are still very low), so I would not be too quick to step in front of the up move there. Today's action, though, is moving many of our contrary indicators to true extremes as can be seen from the intraday charts. Our shortest-term model on the Nasdaq is now down to 13%, one of the lowest readings seen so far this year. ..http://radio.weblogs.com/0129901/2004/10/01.html#a115 |