Daily Sentiment Index

Jake Bernstein’s Daily Sentiment Index (DSI) is a proprietary contrarian indicator very commonly used by traders.

We recommend the following interview with Mr. Bernstein himself to see how he uses the DSI (link).

In a very simplistic way, above 85% we are near a top, around 10% we are close to a bottom.

A very interesting web full of “sentiment” charts on different markets is sentimentreport.com.