Our Sentiment Table is a tool we have been using for over 20 years. It helps us define current sentiment, and it can be a contrarian indicator. It is created by determining the strength of each one of the stocks in our Focus List Independently, and then those are combined to populate the Table.
An investment advisor following our Table with QID and QLD had the 5th best performing strategy in the world in 2015. It is an exceptional indicator of overbought and oversold conditions, which signals prompt contrarian market moves.