Recent content by coolhand

  1. coolhand

    coolhand's Account Talk

    We have a big shift in the NAAIM reading this week. The mean average rose more than 21 pts and is now bullish. The bears went from fully short and fully leveraged last week to just half short with no leverage. The bulls are back to being fully long and fully leveraged.
  2. coolhand

    coolhand's Account Talk

    This week's NAAIM reading rose about 19.5 pts., which is a good shift. That takes the reading from bearish to neutral. The bears went from fully short with no leverage last week to fully short and fully leveraged this week. The bulls went from fully long and no leverage to fully long and fully...
  3. coolhand

    coolhand's Account Talk

    The bearish reading last week got right in a hurry as the first trading day after the reading (Monday) was down hard. But the reversal came immediately on Tuesday and is still carrying forward today. It's quite the short squeeze. A market like this one makes using NAAIM much more challenging as...
  4. coolhand

    coolhand's Account Talk

    Houston, we may have a problem. The weekly NAAIM exposure index reading FELL almost 22 pts. This puts the reading well into bearish territory. The bears went from flat last week to fully short and fully leveraged this week. Bullish positions remain fully long and fully leveraged. This is smart...
  5. coolhand

    coolhand's Account Talk

    The data is collected at the market close on Wednesday and represents a composite of how the money managers were positioned at that time. The weekly number represents a running 2-week average composite.
  6. coolhand

    coolhand's Account Talk

    This week's NAAIM mean average rose about 7.5 pts. That puts it about where it was 2 weeks ago; modestly bearish to neutral. The biggest change is that the bears, who were fully short and fully leveraged last week, are now flat (in cash or hedged neutral). The bulls remain fully long and fully...
  7. coolhand

    coolhand's Account Talk

    Maybe in very short time frames, but I personally don't think we have a long term bottom as yet. They are playing both sides because they know the volatility supports it in short time frames.
  8. coolhand

    coolhand's Account Talk

    Last week, I said this Wednesday could bring fireworks and boy did it. NAAIM was modestly bearish to neutral last week, and showing signs of caution. This week, the mean average dipped more than 8 pts and that makes it modestly to moderately bearish. These money managers are playing both sides...
  9. coolhand

    coolhand's Account Talk

    Well, the money managers at NAAIM are getting more cautious. The mean average fell about 7 pts. The mean average was 64.64 last week, and now its sitting at 57.55. I am going to call this modestly bearish to neutral overall. The bears are now fully short, but NOT leveraged. the bulls are still...
  10. coolhand

    coolhand's Account Talk

    The latest NAAIM reading shows the mean average dipped a little more than 4 pts. That keeps it neutral overall. The bears were fully short and fully leveraged last week and this week they are are only 2/3 short with NO leverage. The bulls remain fully long and fully leveraged. So, these money...
  11. coolhand

    coolhand's Account Talk

    This week's NAAIM mean average fell about 5 pts. This puts the reading in a neutral posture from modestly bullish last week. The bears were fully short and fully leveraged last week and they remain that way this week. The bulls remain fully long and fully leveraged.
  12. coolhand

    coolhand's Account Talk

    This week's NAAIM mean average fell almost 13 pts. The reading goes from bullish to modestly bullish as a result. The bears went from zero short positions last week, to fully short and fully leveraged this week. The bulls remain fully long and fully leveraged.
  13. coolhand

    coolhand's Account Talk

    Well, today's NAAIM reading may not be what some might have expected. Last week's reading was decidedly bullish. This week? The mean average dipped about 3.5 pts. That keeps the reading fairly bullish. The bears went from half short and zero leverage last week to no short positions at all this...
  14. coolhand

    coolhand's Account Talk

    The bulls got a bump in the latest NAAIM reading this week. The mean average rose almost 16 pts. That takes it from modestly bullish to solidly bullish. The bears went from fully short with no leverage last week to just half short with no leverage this week. The bulls remain fully long and fully...
  15. coolhand

    coolhand's Account Talk

    This week's NAAIM reading sees the mean average dip about 9 pts. The reading goes from bullish to modestly bullish. The bears went from 50% short with zero leverage to fully short with zero leverage. So the bears see a potential opportunity for gains on the short side, but are not taking more...
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