NAAIM Index came in more bullish this week jumping up 30 points.

Low volume Inside Day for SPY, almost identical to what we saw early November. However, this Inside Day broke to the upside in after hours trading making new ATHs. Sideways action could very well continue into the week until we get GDP and PCE data on Thursday morning. Also, on Thursday we will get ...

The current S&P charts and technical indicators show some resemblance to late August/early Sept 2020. Attached is the S&P chart in August/Sept 2020. The NAAIM index peaked on Aug 26 before the market topped six trading days later on Sept2. After which the market pulled back for the next few ...

Economist Cem Karsan was a guest on the Schwab Network on Thursday. He discusses this Window of Weakness that has now opened and how the demand for equities has passed which could set the stage for a correction to the downside for the remainder of January: https://twitter.com/i/broadcasts/1OyKAWkgRy...

Thanks Jatelle... Sentiment/Psychology is always a subjective indicator to me..... I understand your viewing this as a ROC.....I tend to look at it as an OB/OS oscillator....not sure where I would draw the lines...70/30 maybe? Regardless, I think the market is way too hot...but historically that ha...

The NAAIM index came crashing lower this week which is a positive sign for bulls. The NAAIM Exposure Index represents the average exposure to US Equity markets reported by big money managers. The primary goal of most active managers is to manage the risk/reward relationship of the stock market and ...

Thx Jatelle. But am a little confused. How is this a good sign for bulls if money managers are lowering their exposure to the market? Thx Bama The NAAIM index came crashing lower this week which is a positive sign for bulls. The NAAIM Exposure Index represents the average exposure to US Equity mark...

The NAAIM index came crashing lower this week which is a positive sign for bulls. The NAAIM Exposure Index represents the average exposure to US Equity markets reported by big money managers. The primary goal of most active managers is to manage the risk/reward relationship of the stock market and t...

A little more Breadth came into the market as well. What do you see that is indicating "more breadth"? Yes, the overall breadth is still down yesterday but there was a little more breadth in certain key sectors particularly for the Nasdaq index: https://ibkrcampus.com/traders-insight/secu...

Bulls continued Thursday where they left off yesterday after holding support. SPY now has another unfilled Bull Gap below, Nasdaq made new ATHs with high volume, while the weakest of the Indexes, the Russell (IWM) made a V shaped recovery and closed above yesterday's high. A little more Breadth came...

Low-volume back and forth day for SPY, which gapped down afterhours below the 9EMA (blue line) and left a small unfilled Bear Gap above (shaded area), but also hammered off 470, closing higher than it opened and holding the 20EMA (pink line). Breadth is still very low as the market is slowly walking...

A Hot CPI print sent the Indexes spiraling down this morning. IWM rejected off the AVWAP (197) during Pre-market (PM) and then fell back below its daily 9EMA and 20EMA. Despite an afternoon bounce, IWM was never able to reclaim its daily moving averages and closed negative on the day. SPY fell to te...

SPY (C-Fund) has reclaimed all its daily moving averages and its Weekly trendline and is climbing afterhours to reclaim the high of Jan 4, 2022 @479.98. Only thing standing in the way of SPY and ATHs now is CPI tomorrow (Thurs). IWM (S-Fund) has reclaimed its 20EMA printing a hammer candle on the da...

Today's bounce was on relatively LOW volume compared to the recent pullback days and most importantly LOWER volume than the largest pullback on Dec 20 That might explain why large, mid and small-cap breadth momentum declined while their respective indexes soared. Yes, this sure does make sense. Tod...

Biggest single day move on S&P since November and reclaiming the Daily 9EMA. However, IWM was unable to reclaim its Daily 9EMA. So ATHs by January OPEX appears possible again. But a note of caution: Today's bounce was on relatively LOW volume compared to the recent pullback days and most importa...