TIM Report: Brokers Cautiously Bullish

by: David Enke

According to the recent TIM (Trade Ideas Monitor) report for August 13th, the TIM Sentiment Index (TSI) in North America was 52.13, down 2.42 points, but still over the critical 50 mark (see last post, and previous post and the youDevise website for additional information on the TIM report). The TSI Worldwide Index averaged 53.40. Total new long ideas as a percentage of all new ideas sent to investment managers by way of the TIM remained high at 65.68%, but down slightly.

As for individual securities in the U.S. and North America, Cbeyond (NASDAQ:CBEY), TW Telecom (NASDAQ:TWTC), and Williams-Sonoma (NYSE:WSM) were stocks with long broker sentiment, while Allegiant Travel (NASDAQ:ALGT), Tellabs (NASDAQ:TLAB), and Arch Coal (ACI) had short broker sentiment. In general, the utility, telecommunication, and consumer staples sectors had long broker sentiment, while the financial, material, and consumer discretionary sectors had short broker sentiment.