Posts Tagged ‘reading’
WhisperNumber.com Outlier Report, 02/02/2010
Last report we stated that "we'll look for market weakness to continue moving forward." The morning after that report was released the Dow was at 10,194. The market closed today nine points lower at 10,185. Over the past week the market saw some fluctuation but overall ended neutral. The investor confidence reading reacted to the market weakness seen late last week and moved a strong 13.1% lower to 27.7%. This reading continues the current overbought trend and we'll look for market weakness to continue moving forward. Read the rest of this entry »
WhisperNumber.com Outlier Report, 01/19/2010
Data starts the year strong (right where it left off). The investor confidence reading moved 3.2% lower to 52.3%. This reading remains at an overbought level indicating investor over-confidence. With last weeks 52 week high reading, and this weeks continued overbought reading, we'll look for market weakness to continue moving forward. Short term look for strength in the Consumer Non-cyclical sector (IYK) market. Read the rest of this entry »