TickerSense debuted a interesting sentiment indicator called the Blogger Sentiment Poll (could they be serious about keeping the name as the ‘BS’ Poll?) which seeks to take the pulse of the blogosphere’s growing independent market analysis. They do this by polling a select group of Who’s Who among analysts on the overal health of the markets. It seems they received an enthusiastic first response.

It will be interesting to see whether this poll becomes a leading or lagging indicator to the true direction of the markets.

Here are the 2 key takeaways:

1. The inaugural consensus sentiment is a wash reflecting uncertainty about the current direction of the economy and markets.
2. Of the currently 31 blogs contributing to the poll, 6 regularly use Trade-Ideas (that’s 20% and growing!) including Kirk Report, Fallond Stock Picks, and Trader Mike

Full article appears here