coolhand's Account Talk

[coolhand]

This week's NAAIM reading shows the mean average falling almost 13 pts. That's not terrible if you're a bull because it still keeps the mean average in a bullish configuration. The bears went from 3/4 short with NO leverage last week to fully short and FULLY leveraged this week. That raises the chances for some downside action, over the days ahead. The bulls remain fully long and fully leveraged. So, while we may (or may not) see some weakness in the days coming up, the overall posture for these money managers is bullish.