TIM Report: Brokers More Bullish

According to the recent TIM (Trade Ideas Monitor) report for the week of September 25 - October 1, 2009, market sentiment became more bullish. The TIM Sentiment Index (TSI) was up 2.11 points in North America to 53.16 (see previous post and the youDevise website for additional information on the TIM report). The TSI Worldwide Index was also up, increasing 3.83 points to 51.42. Six sectors were bullish, while three were bearish and one was neutral. Total new long ideas as a percentage of all new ideas sent to investment managers by way of the TIM increased 3.50 points to 65.55%.

As for individual securities in the U.S. and North America, Penske Automotive Group (PAG), Bally Technologies (BYI), and Check Point Software Technologies (CHKP) were stocks with long broker sentiment, while MGM Mirage (MGM) and Citrix Systems (CTXS) had short broker sentiment. In general, the consumer staples, financial, and telecommunications sectors had long broker sentiment, while the utilities, health care, and industrial sectors had short broker sentiment.

Comments

[Alan Young:]

For starters, was this "bullish sentiment" measured on Monday, during a +2% rally day, or on Friday, after a -2% drop?
And more to the point, is broker sentiment predictive of anything at all?

Oct 04 02:16 AM

[multi007:]

I would love to see an atricle/analysis of the TIM -vs- how it reflected the past history of the market performance. Lets see if this TIM data can be reliable.

Oct 04 04:12 PM