Summary
Two sectors, one Offense and one Defense saw the largest increases in sentiment last week. Tech is showing some sentiment weakness in individual stock sentiment. Crude oil % Bullish is making a higher high while price is still well under the June peak. Gold % Bullish is back to 80% despite the still stagnant price action that is around $3360. Overall, sentiment for equities remains supportive of the up trend and an offensive sector bias.
Sector Sentiment Spread
The Sentiment Spread fell from 19 to 17.8 with a rise in Defensive Sector Sentiment last week.
Keep reading with a 7-day free trial
Subscribe to Thrasher Analytics to keep reading this post and get 7 days of free access to the full post archives.