Instead of the absolute value of the put - call ratio, the changes in its value indicate a change in overall market sentiment. (investopedia.com)
As long as we don't start seeing a bunch of failed breakouts in the top growth stocks, it's probably safe to say overall market sentiment is okay. (morpheustrading.com)
TRIN is a technical indicator that compares advancing and declining stock issues and trading volume as an indicator of overall market sentiment. (valuewalk.com)