Market temperature (2/7)

The fear and greed index is a tracker to measure two of the primary emotions that influence how much investors are willing to pay for stocks and cryptos.

Be fearful when others are greedy. Be greedy when others are fearful.---Warren Buffett

What emotion is driving the stock market?

During the last five trading days, volume in put options has lagged volume in call options by 88.41% as investors make bullish bets in their portfolios. This is among the lowest levels of put buying seen during the last two years, indicating extreme greed on the part of investors.

Last changed Dec 29 from a Fear rating.

The CBOE Volatility Index (VIX) is at 23.22. This is a neutral reading and indicates that market risks appear low.

Last changed Jan 27 from an Extreme Fear rating.

The McClellan Volume Summation Index measures advancing and declining volume on the NYSE. During the last month, approximately 2.90% more of each day's volume has traded in declining issues than in advancing issues, pushing this indicator towards the lower end of its range for the last two years.

Last changed Feb 2 from a Fear rating.