coolhand's Account Talk

[coolhand]

The latest NAAIM reading shows the mean average rose a little less than 3.5 pts. That keeps the reading in a bullish posture. The only change in the numbers shows the the bears went from fully short and leveraged to just fully short (no leverage). So, once again the reading favors the bulls (for a few days).

 

[coolhand]

This week's NAAIM reading shows the mean average rising a bit more than 1 pt. The reading was neutral last week (in my eyes) and that doesn't really change this week. The bears remain fully short and leveraged and the bulls remain fully long and leveraged. So, it looks like a wait and see game. Will next week's rate hike announcement be the catalyst to shake things up? We'll know before too much longer.

The latest NAAIM reading shows a dip in the main average of about 2.5 pts. That is not enough of a drop to change the overall reading, which remains bullish. The bears continue to be fully short and leveraged and the bulls remain fully long and leveraged. Overall, the bulls remain favored, but there remains a chance for some downside action in the day to day market activity over the next few days.

 

[coolhand]

The latest NAAIM reading shows the mean average fell about 10.5 pts. That still keeps the indicator bullish. The bears, who were 75% short with no leverage last week, are now fully short and leveraged. The bulls remain fully long and leveraged. So, there is a bit more interest in the short side for these money managers, but as I indicated they are bullish overall. We may see a bit more downside pressure over the days ahead, but the bulls still have control.

 

[coolhand]

This week's NAAIM reading shows the mean average rose almost 3.5 pts. That keeps the reading bullish. The bears, who were fully short and leveraged 2 weeks ago and then dropped to fully short without leverage last week are now 75% short with no leverage. Overall, these money managers are leaning fairly heavily to the long side with leverage. That means I anticipate that this market will continue to favor the bulls and perhaps be resilient to downside pressure.

 

[coolhand]

This week's NAAIM mean average shows the reading rising a little more than a quarter pt., which is meaningless. The reading remains bullish. The bears went from fully short and leveraged last week to just fully short this week. The bulls remain fully long and leveraged. So, these money managers continue to look higher.

 

[coolhand]

The latest NAAIM reading shows the mean average dipped less than 1 pt., which keeps the reading bullish. Nothing has changed as far the numbers go from last week, so I am anticipating the S&P will continue to find ways to keep rising over the next few days.

 

[coolhand]

This week's NAAIM reading saw the mean average moved higher by more than 15pts. That puts it back into a solid bullish condition (from neutral). We do still have some bears who remain fully short and leveraged and of course the bulls remain fully long and leveraged. So, the reading suggests that we may have some more upside over the days ahead.

 

[coolhand]

This week's NAAIM reading shows the mean average rising a bit more than 1 pt. The reading was neutral last week (in my eyes) and that doesn't really change this week. The bears remain fully short and leveraged and the bulls remain fully long and leveraged. So, it looks like a wait and see game. Will next week's rate hike announcement be the catalyst to shake things up? We'll know before too much longer.

 

[coolhand]

This week's NAAIM reading shows the mean average dipping a bit more than 10 pts., which puts the reading in a neutral condition or modestly bullish at best. The bears remain fully short and leveraged and the bulls are fully long and leveraged. So, no change in that regard. These money managers remain somewhat cautious. They have not been heavily bulled up since mid-July.

 

[coolhand]

Looks like predictive programming to me.

Is This Why Warren Buffett Dumped Billions Worth Of Bank Of America Stock? | ZeroHedge

 

[coolhand]

This week's NAAIM reading shows the mean average rising more than 6 pts. That keeps it bullish overall. The bears remain fully short and leveraged and the bulls remain fully long and leveraged. I don't get the impression that this market is ready to roll over with this reading, but anything is possible. I am looking higher for now.

 

[coolhand]

The latest NAAIM mean average reading moved up about 18 pts this week. That puts the NAAIM reading back into a bullish posture (not nearly as bullish as we've seen it in the past). The bears remain fully short and fully leveraged, while the bulls remain fully long and leveraged. Basically, a good portion of the bears went back to the bullish camp (not a surprise given the recent rally).

 

[coolhand]

I'm still waiting for NAAIM to update their data, but I wanted to point out something to be aware of (this is not actionable info necessarily). A while back I pointed out that the powers that be typically keep the market elevated in an election year. While that is true, that scenario didn't play out that way in 2008. The market crashed heading into November. It's possible we could see a similar situation this year, but of course it is unknown if or when something like this might occur. Keep this in mind as we head closer to the November election.

Of course, we may get some help from the smart money if they get risk averse (or from chart data from some of our great chartist here on site).

 

[coolhand]

This week's NAAIM reading fell almost 19 pts. That puts it into a neutral posture (maybe slightly bearish). There are more bears in the poll and they are now fully short and fully leveraged. The bulls remain fully long and leveraged. The market might do anything with a reading like this. Maybe we see some volatility? Right now, the bulls are in charge in the stock market, but how long before the bears show up?

 

[coolhand]

The latest NAAIM reading dipped more than 8 pts, which is not far from where it was 2 weeks ago. The reading is modestly bullish, but is close to neutral. The bears went from fully short with no leverage last week to fully short and half leveraged this week. The bulls remain fully long and leveraged. So, this smart money is somewhat cautious, but obviously continues to lean toward the bullish side.

 

[coolhand]

Even smart money may not know when "it" might happen (sometimes they do, but not this time). I would not assume that NAAIM is going to remain bullish. Markets that act like this one currently is (not to mention escalating geopolitical events) cannot be trusted. Some Brokerages are reporting outages even has people's accounts are getting hammered. Sounds like a plan to me.

Retail Traders Furious As Outages Hit Major US Brokerages Amid Black Monday Chaos | ZeroHedge

I think something may have finally broke.

 

[coolhand]

This week's NAAIM mean average rose a bit more than 7 pts. That keeps the reading bullish. The bears remain fully short (no leverage) and bulls remain fully long and leveraged. Overall, it appears these managers simply increased their exposure to the long side.

 

[coolhand]

The latest NAAIM reading shows these money managers getting a bit more cautious as the mean average fell more than 11 pts. That isn't a ton, but it takes the reading from very bullish to simply bullish. The bears went from fully short and leveraged to just fully short (no leverage). The bulls remain fully long and leveraged.

So, the reading remains bullish, but this is the 3rd week in a row of declining bullishness. The fact that the bears took off their leverage tells me the downside isn't as appealing as it was a week ago.

 

[nasa1974]

Go "S" fund. :banana:

 

[coolhand]

This week's NAAIM mean average dipped about 6 pts, which still keeps the reading solidly bullish. The bears remain fully short and leveraged and the bulls remain fully long and leveraged. Overall, there is just some minor shuffling of positions. While the market is showing some volatility, the smart money continues to expect upward movement in the S&P 500, although small caps are trying make a bullish statement of late.