Retail Isn’t Interested
- Posted by Alex
- on September 20th, 2012
Some interesting data came out this week from the guys over at Sentiment Trader. The chart below shows the S&P 500 and Daily Average Revenue Trades as provided by E-Trade, which is essentially gauging how active their retail accounts are on a daily basis. Looking at the last few times E-Traders were this bored and uninterested with the market, the S&P500 increased an average of 10% over the following three months.
Source:
Daily Sentiment Report (SentimentTrader)
Tags: $SPY
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J.C. Parets is the Founder & President of Eagle Bay Capital, LLC. He earned the Chartered Market Technician designation (CMT) and is a member of the Market Technicians Association. More -
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