Guy Lerner

Technical Take

Contributor since: 26 Feb 2010

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• Investor Sentiment: So Far Not Different This Time

  Published 04 May 2009 | viewed 4,098 times

  There really hasn't been any change in investor sentiment, but this is not unusual at market tops, which tend to be more drawn out affairs…

• Gold: On The Launching Pad

  Published 02 May 2009 | viewed 4,829 times

  I love to chronicle my follies with gold. Gold seems so easy. The Federal Reserve runs the printing presses, and everyone in the world knows…

• Investor Sentiment: The Same Story

  Published 27 April 2009 | viewed 3,953 times

  It is the same story this week as last as this is now the sixth week in a row where investor sentiment, as measured by…

• Airlines Act Like Market Leader

  Published 22 April 2009 | viewed 3,185 times

  The AMEX Airline Index (symbol: $XAL.X) was up 10% yesterday on earnings reports from Delta Airlines (symbol: DAL) and UAL Corporation (symbol: UAUA). Delta Airlines…

• When Signals Fail

  Published 20 April 2009 | viewed 3,938 times

  In the most recent post on sentiment, I ended the commentary with the following statement: "If wrong, there is always important information in failed signals."…

• Investor Sentiment: Time To Sell Strength And Tighten Up...

  Published 20 April 2009 | viewed 4,142 times

  This is now the fifth week in a row where investor sentiment, as measured by the "Dumb Money" indicator, remains neutral. When we couple this…

• Sectors That Could Be The Next Bull Market Leaders

  Published 16 April 2009 | viewed 5,173 times

  If I told you that the four sectors with the most potential to undergo a secular trend change are semiconductors, housing, retail, and airlines you…

• Copper: What's Up?

  Published 14 April 2009 | viewed 4,065 times

  Over the last 4 months, copper has bounced about 70% from its lows. Yet it is only recently that such a significant price move is…

• Key Price Levels: April 13, 2009

  Published 13 April 2009 | viewed 4,016 times

  After five weeks of "straight up" price action, the major indices and their ETF proxies are approaching key resistance levels. Please review the methodology and…

• Investor Sentiment: Looking For A Top

  Published 12 April 2009 | viewed 4,444 times

  This is now the fourth week in a row where investor sentiment, as measured by the "Dumb Money" indicator, remains neutral. When we couple this…

• Investor Sentiment: Neutral

  Published 29 March 2009 | viewed 3,671 times

  This is the second week in a row that investor sentiment is neutral. While there is nothing unusual about this, there are two scenarios that…

• Investor Sentiment: Not A Factor

  Published 23 March 2009 | viewed 3,523 times

  This week investor sentiment is neutral. The bearish sentiment (i.e., bull signal) of the past three weeks has dissipated. Going forward, equities will need to…

• AIG Bailout: The Real Message

  Published 17 March 2009 | viewed 4,778 times

  In his letter to Treasury to justify bonuses paid to AIG employees, government appointed chairman Edward M. Liddy states: "We cannot attract and retain the…

• Investor Sentiment: Still Bullish

  Published 15 March 2009 | viewed 4,567 times

  Despite last week's big jump in the equity markets, the "dumb money" remains bearish on equities. These investors appear to be reluctant and still on…

• Investor Sentiment: Bullish Signals

  Published 08 March 2009 | viewed 4,589 times

  For 13 weeks the "dumb money" has been on the wrong side of the trend and hopeful that the November, 2008 lows would hold. The…

• Jim Cramer Is At It Again ...

  Published 06 March 2009 | viewed 6,236 times

  ... speaking before thinking and pontificating on a subject he knows very little about. Before we get to another Jim Cramer "moment" let me state…

• Its A New Era Of Thrift

  Published 05 March 2009 | viewed 4,249 times

  The troubles in the financial markets over the last year will lead to a new era of thrift, and this will be radically different than…

• Investor Sentiment: Close But No Cigar

  Published 01 March 2009 | viewed 3,549 times

  The "dumb money" still appears to be holding out hope that the "test" of the November, 2008 lows will pay dividends. Despite the weak price…

• Dow Transports: Slippery Slope Or Ray Of Hope?

  Published 25 February 2009 | viewed 4,544 times

  Figure 1 is a weekly chart of the Dow Jones Transportation Index, and the heavy red dots indicate key pivot points, which represent the most…

• Investor Sentiment: Same Story, Different Week

  Published 23 February 2009 | viewed 4,032 times

  For the 12th week in a row the "dumb money" indicator remains neutral on the markets, and the "smart money" indicator has had one moderately…