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Actual Position and Stock Market Opinion Polls for Tuesday 6/06/17


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Poll: After the close on Monday... (15 member(s) have cast votes)

What is your actual position?

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What is your opinion for Wednesday?

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#1 OEXCHAOS

OEXCHAOS

    Mark S. Young

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Posted 05 June 2017 - 03:07 PM

So now what? We have an Options Oscillator Sell and the market is burying some of the Momentum indicators so it is not unreasonable that we'll get a pull-back. The big question is: From where? The breadth is fine or better than fine. The "Best Trend" is positive. The SH saw short-covering, but rather than showing capitulation, it looked more like smart money taking off a hedge prior to a rally. I have to come down as cautiously Bullish. As of this morning, we have a Fully Long/Fully Short Buy (reversing the 2X Sell, which is rare). The Position Poll strongly suggests a near zero chance of a top today. We do have a "Secret Hedge Fund" Sell, but those signals are usually pretty early. I'm still a Bull, as I fear that we've got another crazy rally coming that will leave folks shaking their heads. Maybe we get an early pullback and then ramp up again?


Mark S Young
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