The most accurate measure of Stock Market Sentiment is the Daily Index Sentiment^©

Published here by the W. B. Busin Group.

August 14, 2009    2340 ET          Weekly graphs and comment updated - August 16, 2009

In the last 30 minutes, price recovered nearly half of its intraday loss.  In thin summer trading, a small increase in volume can easily move the internal numbers.  An expanding formation on daily price can resolve upward or downward.

Sentiments remain in neutral and allow for more downward bias to the lateral corrective action next week.

August 13, 2009    2300 ET          

A lateral session for market sentiment as price closes slightly upward.  Clearly, the low volume casts doubt on the upward move until some conviction returns to the trading.  Structure remains 'undecided' between several variants of a bearish correction in the uptrend on over to a few very bullish potentials.

Patience until the USD and its pairs take the lead.

August 12, 2009    2100 ET          

Stock market sentiments finished in the neutral zone, allowing for more upward price action.  But the possibility of a new high may bring a reversal if price does not show thrust and volume.

August 11, 2009    2100 ET          

Good potential for a short term buy for daytraders and scalpers, but the FOMC makes their announcement tomorrow.  If they disappoint with wording, then it may begin a downward move lasting several days.  If the FOMC (Federal Reserve Bank), continues to flood the world with U.S. Dollars, then the USD should continue or complete its downward trend. 

Watch that USD.  That is exactly what we do.  (By "watching the USD", we mean to say, watch the currencies versus the USD and the USD index)

August 10, 2009    2200 ET          

The Daily Index Sentiments remain in neutral after today's lateral session.  Indexes will likely remain in a narrow trading spread with a downward bias, as the Federal Reserve begins its meeting tomorrow and the announcement on Wednesday.

August 7, 2009    1730 ET      

Was it a breakout or will it go laterally until FOMC on Wednesday.  A good price drop next week would likely bring sentiments into a buy and help generate more upside momentum.

Watch that USD. 

August 5, 2009    2245 ET           

Getting closer to the sell zone but it may be selling/distribution intraday.

Again, the USD is not finished either.

August 4, 2009    2200 ET           

It is not a sell yet is it.  The day's market sentiment appears to be running toward the overbought zone with price lagging.

August 3, 2009    2225 ET          

The short term appears upward for price as the stock market sentiments move back to the more normal and expected neutral zone.

August 2, 2009   2245 ET        

The market sentiments appear weird or haywire, and some might see it as quite bullish.  It is understandably odd to see price rise and yet the sentiments drop rapidly into the bullish zone.

Watch the USD.  It tells much of the significant move this week.

July 28, 2009    2300 ET             

Potential break but not likely as structure points higher.

We are on holiday for the next few sessions.  Next update on  Sunday, August 2, 2009.