some of the sentiment/breath indicators I’m watching have started to turn bearish:
1) Equity Put/Call Ratio: the smoothed ratio is currently at 0.5, which is at the lower end of its recent range.There seems an excess of bullishness in the market. Note however, that the ratio recorded similar levels around September and October, which obviously did not prompt the market to pull back in the short term:
2) VIX: touching lower Bollinger Band boundary, which is short term bearish:
3) McClellan Oscillator: longer term divergence between indicator and Index. This development is concerning, since the oscillator could send out a longer term warning sign:
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A young and savvy, yet experienced and accomplished investments mogul since ‘01; Michael has amassed a fortune as a private self investor. Recently starting his own successful blog and turning it in to a corporation — MIV Investments Inc., a company offering advice to thousands of people worldwide and attracting contracts from various reputable sources. His articles and publications have been linked to Forbes, CNN Money, Reuters, Bloomberg, and many other top worldwide mainstream media sources.
Michael Vlaicu
