Bull Bear Trader

According to the recent TIM (Trade Ideas Monitor) report for the week of October 23-29, 2009, the TIM Sentiment Index (TSI) is borderline bearish at 49.83, after the North American index fell 1.17 points (see last week's post and the youDevise website for additional information on the TIM report, a reading above 50 is bullish). The TSI Worldwide Index actually increased 1.76 points, but was also still just below the break-even point at 49.79 points. Four sectors were in bearish territory, four were neutral, and two were bullish. Total new long ideas as a percentage of all new ideas sent to investment managers by way of the TIM increased 2.15 points to 67.56%.

As for individual securities in the U.S. and North America, VF Corp (VFC), O'Reilly Automotive (ORLY), and First Solar (FSLR) were stocks with long broker sentiment, while Las Vegas Sands (LVS), Micron Technology (MU), and NVIDIA Corp (NVDA) had short broker sentiment. In general, the consumer staples and consumer discretionary sectors had long broker sentiment, while the energy, utility, and telecommunication sectors had short broker sentiment.