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Weekly ChartStorm - 11 April 2021

Source: 4. Cash Allocations Back to the Bottom of the Range: Thanks mostly to market movements, surveyed cash allocations have dropped - this means at the margin there is incrementally less cash in proportion to equities (less buying power), and also tells us investors are implicitly comfortable running lower allocations. Source: 5. TD Ameritrade Investor Movement Index: This interesting sentiment indicator (based on trading account activity) has surged to the 3rd highest level since they began compiling the indicator (in 2010). Should be no surprise; especially in the context of the last two charts - sentiment is little short of euphoric. Source: 6. Sell Side Sell Indicator: basically this one is tracking sentiment of the sell side (analysts/strategists at investment banks). It’s a bit of a peculiar indicator, but could be worth noting as/when it hits the “sell signal“ level (which could well be soon).

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