Piqqem released its weekly sentiment update today and shows overall market sentiment moving to neutral as sentiment merged with the 30 day moving average. As of March 19, 2010, overall market sentiment is at 9.08 pts down 1.7 pts from last week and is now even with the 30 Day Moving Sentiment Average. The sentiment trend implies that market confidence is consolidating ahead of the market’s next up or down move. Let’s now see if sentiment will move above or below the 30 day moving average for next week. In a further neutral signal this week, there were 1 stocks increasing in sentiment for every 1 stock decreasing in sentiment.
This Week’s Sentiment Winners & Losers
About the Piqqem Market Sentiment Index
Piqqem tracks sentiment on all securities including stocks, mutual funds, ETFs, and major market indices. The Piqqem sentiment scale runs from 100 on the high end to -100 on the low end. The actual Piqqem Market Sentiment Index is proprietary blend of multiple factors including sentiment specific to the four major indices: Dow Jones 30 (.DJI), S&P 500 (.INX), Nasdaq 100 (.IXIC), Russell 2000 (NYSEARCA:IWM).
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