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How to read the sentiment chart

A walk through the sentiment chart, one part at a time: what each line, mark and number shows, and how to read them together. The pictures use illustrative data for Finance and SPY.

1. The chart at a glance

The full sentiment chart card for SPY over one year, with seven numbered labels: today's score, the state, the settings bar, the smoothed line, single days, the two dashed lines and the price on its own scale.
The sentiment chart shows the mood of market commentary next to a market price. Full size

The chart sets two things side by side: the mood of finance video commentary and the price of a market. Every video gets a sentiment score from 0 to 10, from negative to positive tone. The scores are averaged per UTC day, and the data updates once a day.

At the top sit today's numbers, below them the settings, then the plot. The sentiment uses the axis on the left, the price its own scale on the right.

2. Daily scores and the average

About four weeks of daily scores drawn as small crosses around a cyan average line. Crosses above the line are blue-violet, crosses below it orange, and a few larger crosses stand far from the line.
Crosses are single days; the line smooths them so the direction of the mood is easier to see. Full size

Each cross (×) is one day: the average score of that day's videos. Single days are noisy, so the cyan line smooths them with an exponential moving average (EMA), 5 days by default.

A cross is blue-violet when the day sits at or above the line and orange when it sits below. Larger, brighter crosses stand further from the line.

3. The usual range and the state

Three months of the cyan line between a red dashed line at the 80th percentile and a green dashed line at the 15th percentile. The zones are named Elevated, Neutral and Subdued, and the line ends in Subdued, which the state label repeats.
High and low are measured against the series' own past year, not on an absolute scale. Full size

The two dashed lines mark the usual range of the past year. With the default band 15–80, the upper line is where the score stood at its 80th percentile over the past year, the lower line where it stood at its 15th percentile. Both are drawn flat at today's values.

The state follows where the line ends: Elevated above the upper line, Subdued below the lower one, Neutral in between. Because the range comes from the series' own past year, the same score can count as high in one year and as low in another.

Under Band you can pick 10–90, 20–75 or 5–95 instead, and the state follows your choice.

4. The numbers above the chart

The header strip of the chart, enlarged: a score of 4.2 out of 10, the state Subdued, a change of minus 0.2 against five days ago, the 4th percentile of the past year and an SPY close of 752.69, each with a short label.
The header sums up where the mood stands today and how it compares with the past year. Full size
  • Score: the latest value of the average line, out of 10.
  • State: Elevated, Neutral or Subdued, as in the step above.
  • vs 5 days ago: the change of the score against five days earlier. These are calendar days, or trading days when weekends are merged.
  • Percentile · 1Y rolling: how today's score ranks within the past year, from 0 to 100. Low numbers mean the score sits near the bottom of its past year.
  • Close: the market's latest daily close.

5. Chart settings

The settings bar of the chart, enlarged, with eight numbered labels: line or bars, market, time period, average length, percentile band, daily scores, price and weekends.
Settings change what is drawn, not the underlying scores. Full size
  • Line or bars: the price as a line of daily closes, or as bars with each day's open, high, low and close.
  • Market: SPY, QQQ, GOLD or OIL, the price shown next to the sentiment.
  • Time period: 3 months to 3 years. Free shows one year of history; 3 years come with Premium.
  • EMA: the length of the average line, 3, 5, 10, 20 or 30 days, or off.
  • Band: which percentile lines to draw, 15–80, 10–90, 20–75 or 5–95, or off.
  • Daily scores and price: show or hide the crosses and the price line.
  • Weekends and holidays: Separate keeps them as their own days, and the price line just bridges them. Merged counts them toward the next trading day.
  • Share: copy a link to the chart with your current settings.

6. How to read it

One year of the chart with sentiment, both dashed lines and the price, next to a list of four reading steps and the note that the chart is descriptive, not a signal.
Read the chart as a description of the mood, side by side with the market. Full size
  1. Pick a market and a time period.
  2. Follow the cyan line, not single crosses.
  3. Check where it sits against the dashed lines.
  4. Compare its timing with the price, not its height.

Sentiment and price use separate scales, so where the two lines cross or how far apart they sit means nothing. Compare when each one rises and falls.

Crypto

The Crypto sentiment chart works the same way, with crypto video commentary and Bitcoin (BTC), Ethereum (ETH), Solana (SOL) or Dogecoin (DOGE) as the market. It has no weekend setting: crypto trades every day, so every day has its own price.

Descriptive, not a signal.

The chart describes the mood of market commentary next to the market. It does not predict prices and does not tell you what to buy or sell. Sentiment and price can line up; that is no proof of cause and no forecast. Each day's value uses only commentary published up to that day. Nothing here is investment advice. Read the full disclaimer.

Finance sentiment → Crypto sentiment →

How to read the outlook chart →

All charts and indicators explained →