BAML Sell-Side indicator flat in February

|By:, SA News Editor

The contrarian read flashes a "buy" signal when the sell-side shows extreme bearishness (it's been in buy mode for about the last two years), and hollers "sell" when the pros get too bullish (the last sell signal was 2007).

Sharply rising since late year, the indicator is near crossing from "buy" territory to neutral, but hasn't gotten there yet after coming in at 54 for the 2nd straight month.

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