Cusick’s Corner 01-17-2013 Midday
The economic data was solid this morning, but the earnings data was mixed at best, which begs the question are they as important as we thought they would be? Right now the market action is saying no, the bulls clearly still have the momentum and this sentiment is not at an extreme. The oX put call ratio is at .41, roughly meaning that for every 2 puts being bought there are 5 calls being bought. While I do not take that as the only indicator of sentiment, it … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards