TIM Report: Market Sentiment Still Bullish in U.S. but Down Globally

According to the recent TIM (Trade Ideas Monitor) report for the week of November 13-19, 2009, the TIM Sentiment Index (NYSE: TSI) increased 0.85 points to 55.29, staying within bullish territory (see last week's post and the youDevise website for additional information on the TIM report, a reading above 50 is bullish). On the other hand, the TSI Worldwide Index dropped 4.61 points to 47.13, falling in bearish territory. Only two sectors were bullish, with seven bearish, and one neutral. Total new long ideas as a percentage of all new ideas sent to investment managers by way of the TIM fell to 62.89% from 73.61%.

As for individual securities in the U.S. and North America, TJX Companies (NYSE: TJX), Baxter International (NYSE: BAX), and Dick's Sporting Goods (NYSE: DKS) were stocks with long broker sentiment, while DryShips Inc. (Nasdaq: DRYS), Goldman Sachs (NYSE: GS), and Potash (NYSE: POT) had short broker sentiment. In general, the information technology and energy sectors had long broker sentiment, while the telecommunications services, industrial, and consumer staples sectors had short broker sentiment.