Spent some time reviewing long-term history of #AAII signals, particularly when bullish reading > 50%. Initial takeaways:1. This has happened 11 times since the 2009 low.2. A major top has occurred only 2 times out of those 11.3. The other 9 times were mid-stage bull markets. pic.twitter.com/kofFCV22tC — David Keller, CMT (@DKellerCMT) March 8, 2024 […]
Chart of the Day – Monday, December 18, 2023
"But AAII net bulls hit an extreme high! That's contrarian bearish." Response:1) Smooth out the data2) Even when the smoothed data hits an extreme, market peak may not occur until months/quarters later (eg. '11, '15, '21)$SPY $QQQ pic.twitter.com/SPoPostnQU — Brian G (@alphacharts) December 18, 2023 Today’s Chart of the Day was shared by Brian G. […]
Chart of the Day – Wednesday, August 30, 2023
The last time the Nasdaq was trading around these levels (grey), the Fear & Greed Index was in a position of "Greed" or "Extreme Greed". Today, the F&G Index is "Neutral". This is why I kept saying a consolidation was healthy & normal. The market has reset. Rejoice. pic.twitter.com/hN2JXXV3SM — Caleb Franzen (@CalebFranzen) August 30, […]
Chart of the Day – Thursday, August 17, 2023
Best chart we saw for the bulls was the spike in Put/Call ratios yesterday. We prefer more persistence than 1-day for $SPX, but every journey starts with a first step. pic.twitter.com/Jqv5gxFhhi — RenMac: Renaissance Macro Research (@RenMacLLC) August 17, 2023 Today’s Chart of the Day was shared by Renaissance Macro Research (@RenMacLLC). The S&P 500 […]
Chart of the Day – Monday, July 10, 2023
Peak analyst disparity? pic.twitter.com/v5g19JRS2i — Mark Ungewitter (@mark_ungewitter) July 10, 2023 Today’s Chart of the Day was shared by Mark Ungewitter (@mark_ungewitter). The chart on the bottom is making its rounds, as Bloomberg points out that Wall Street strategists are extremely spit right now. The gap between the highest and lowest year-end targets for the […]
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