The Weekly Market Sentiment Report: 26th February - 5th March 2023

The Weekly Market Sentiment Report: 26/02/2023 - 05/03/2023

This report covers the weekly market sentiment and positioning and any changes that have occurred which might present interesting configurations on different asset classes with a specific focus on currencies. The below shows the table of contents of the report:

• The Artemis Indicator: A Tactical Reversal Tool on the S&P 500

• The White Index: The Bullish Continuation Indicator on the S&P 500

• Vision: The Long Short Polyvalent Indicator on the S&P 500

• Bitcoin Tactical Sentiment Index: A Short-Term Reversal Indicator on Bitcoin

• The AAII: A New Comer to the Sentiment Indicators’ Party

• The COT Meter: Simplifying the Commitment of Traders on FX

• COT Pattern Recognition: Playing on Correlations on FX

• Important Legal Disclaimer

Main points:

• More confirmed bullish sentiment on the S&P500 coming from the Artemis indicator. The bullish bias remains.

• No strong signals are shown from the enhanced AAII sentiment indicator other than a slight bullish bias on the S&P500.

• The CFTC released end of January data but is still having issues with the COT data at the moment.

• The Bitcoin model is not showing any signals at the moment.

The Artemis Indicator

The Artemis Indicator is born out of a transformation of the put-call ratio, a sentiment indicator published by the CBOE which helps with predicting the S&P 500. It is a daily indicator.

The following Figure shows the recent signal chart.

Conclusion

At the moment, there is no new signal. This indicator is currently the protagonist of the report due to its success in predicting tops and bottoms.

The White Index

Long-only traders who like to time the dips and follow the upside trend (during a bullish market) should monitor the White Index as it has been specifically designed for this purpose.