TIM Report: Market Sentiment Down, But Still Bullish, with STT, AAPL, and AMZN as longs, FDO, TOL, and ESV as shorts

According to the recent TIM (Trade Ideas Monitor) report for the week of November 6-12, 2009, the TIM Sentiment Index (TSI) fell 1.05 points to 54.44, staying within bullish territory (see last week's post and the youDevise website for additional information on the TIM report, a reading above 50 is bullish). The drop in the TSI Worldwide Index was much larger, falling 5.60 points to 51.74, but still staying in bullish territory. Eight of the ten sectors were in bullish territory with the remaining two bearish. Total new long ideas as a percentage of all new ideas sent to investment managers by way of the TIM increased 0.41 points to 73.61%.

As for individual securities in the U.S. and North America, State Street (STT), Apple (AAPL), and Amazon.com (AMZN) were stocks with long broker sentiment, while Family Dollar (FDO), Toll Brothers (TOL), and Ensco International (ESV) had short broker sentiment. In general, the information technology, utilities, and telecommunications services sectors had long broker sentiment, while the materials and consumer discretionary sectors had short broker sentiment.