1217.58 Std Dev of Diff. Both sentiment and breadth are weakening. The value model continues to show that the market is overvalued, but less so than last week. Generally investors continue to be more optimistic than analysts.
Investor sentiment continues to improve, but other timing indicators are mixed.
Earning projection did improve slightly this week, but they are still at record lows relative to past earnings. All the timing indicators are positive. The value model continues to show that the market is over valued. Investors are more optimistic than analyst earnings expectations. Breadth has shifted to the negative side, but sentiment and seasonality remain positive.