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Daily Report : What does the indicator show about the current state of the SPX?

by Sentimentrader
2026-01-13
With multiple key indicators (including a Copper/Gold Ratio Rank of 100 and simultaneous all-time highs for the NYSE A/D Line and SPX) signaling bullish momentum, the market shows promising medium-to-long-term prospects, yet extreme sentiment and stretched valuations point to heightened short-term volatility risks.
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What does the indicator show about the current state of the SPX?: With multiple key indicators (including a Copper/Gold Ratio Rank of 100 and simultaneous all-time highs for the NYSE A/D Line and SPX) signaling bullish momentum, the market shows promising medium-to-long-term prospects, yet extreme sentiment and stretched valuations point to heightened short-term volatility risks.

Smart / Dumb Money Confidence

Smart Money Confidence: 33% Dumb Money Confidence: 74%

Risk Levels

Stocks Short-Term

Stocks Medium-Term

Bonds

Crude Oil

Gold

Agriculture

Research

What does the indicator show about the current state of the SPX?

By by Sentimentrader

BOTTOM LINE
With multiple key indicators (including a Copper/Gold Ratio Rank of 100 and simultaneous all-time highs for the NYSE A/D Line and SPX) signaling bullish momentum, the market shows promising medium-to-long-term prospects, yet extreme sentiment and stretched valuations point to heightened short-term volatility risks.

FORECAST / TIMEFRAME
SPX -- Up, Medium-Term

Sentiment Risk On / Risk Off Overview

Click here to view the Sentiment Risk On / Risk Off Overview on the site.

Indicators at Extremes

Click here to view on the site (% Extremes and "Excess" tabs on the dashboard).
% Showing Pessimism: 7%
Bullish for Stocks
Inverse ETF Volume
OEX Open Interest Ratio
Mutual Fund Flow (no ETFs)
CSFB Fear Barometer
% Showing Optimism: 46%
Bearish for Stocks
Smart Money / Dumb Money Confidence Spread
Intermediate Term Optimism Index (Optix)
Smart Money Confidence
Dumb Money Confidence
% Showing Excess Optimism
Rydex Money Market %
Rydex Ratio
Retail Money Market Ratio
S&P 500 Price Oscillator
NYSE High/Low Ratio
S&P 500 Down Pressure
ISE Equity Call/Put Ratio
SKEW Index
VIX Term Structure
ISE Call/Put Ratio
Options Speculation Index
LOBO Put/Call Ratio
Risk Appetite Index
NAAIM Exposure Index
AIM (Advisor and Investor Model)
Equity / Money Market Asset Ratio
Mutual Fund Cash Level
NYSE Available Cash
AAII Allocation - Stocks

Phase Table

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Ranks

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Sentiment Around The World

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Optimism Index Thumbnails

Sector ETF's - 10-Day Moving Average
Country ETF's - 10-Day Moving Average
Bond ETF's - 10-Day Moving Average
Currency ETF's - 5-Day Moving Average
Commodity ETF's - 5-Day Moving Average
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Risk Disclosure: The information and tools provided are for research and analytical purposes only and are not intended as investment advice. Market analysis involves uncertainty, and outcomes may differ from expectations. Users should conduct their own due diligence and consider their individual circumstances before making any financial decisions. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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