Major / Medium-Term Stock Market Indicator: TSI Index of Bullish Sentiment (TIBS)

TIBS is an amalgamation of a number of different sentiment indicators. The components of TIBS were selected by graphing a large number of sentiment indicators against the S&P500 over several years. The 6 indicators that predicted the market's important turning points with the greatest reliability were then chosen and used in a calculation to determine an objective overall measure of bullish sentiment (a contrary indicator). TIBS is calculated weekly and is an integral part of our market analysis.