The Bull Bear Trader discusses market events and news with an interest in understanding risk and return in both bull and bear markets. Discussion topics include trading and hedging strategies, derivatives, risk management, hedge funds, quantitative finance, the energy and commodity markets, and private equity, as well as an occasional investment opinion.
According to the recent TIM (Trade Ideas Monitor) report for the week of September 18-24, 2009, bullish broker sentiment continued to decrease. The TIM Sentiment Index (TSI) was down 1.74 points in North America to 51.05, slightly bullish (seeprevious postand theyouDevise websitefor additional information on the TIM report). The TSI Worldwide Index was down 5.14 points to 47.58. Total new long ideas as a percentage of all new ideas sent to investment managers by way of the TIM decreased 6.31 points to 62.05%.
As for individual securities in the U.S. and North America, King Pharmaceuticals (KG), American International Group (AIG), and E*Trade Financial (ETFC) were stocks with long broker sentiment, while YUM Brands (YUM), MetroPCS Communications (PCS), and AK Steel Holdings (AKS) had short broker sentiment. In general, the information technology, health care, and financial sectors had long broker sentiment, while the materials and utilities sectors had short broker sentiment.