Investor Mood: Exposure Levels and Sentiment Winds

investor mood: But it does mean that the sentiment winds are no longer blowing in a positive direction, according to Market Watch. Consider the average recommended equity exposure among a subset of short-term Nasdaq-oriented stock-market timers monitored by the Hulbert Financial Digest . Since the Nasdaq responds especially quickly to changes in investor mood, and because those timers are themselves quick to shift their recommended exposure levels, the HNNSI is my most sensitive barometer of investor sentiment. That doesn't mean the stock market impressive recent rally must come to an end immediately, of course. At the end of June, one week after the surprising outcome of the British Brexit referendum, this average fell to minus 55.6%, which meant that the average Nasdaq-oriented market timer was allocating more than half of his short-term equity portfolio to going short. In subsequent sessions, as we know now, the stock market soared to all-time highs, surpassing the previous bull-market high set in May of last year. 5 stocks, including Shell, up on Barron call Barron Bounce: Shell, which yields 6.6%, bucks falling oil prices to move higher. That is an extraordinary level of pessimism which, according to the contrarian logic of contrarian analysis, was a powerfully bullish omen — as I wrote in a recent Market Watch column. (news.financializer.com). As reported in the news.