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Mark Hulbert


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#1 da_cheif

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Posted 28 December 2018 - 05:12 AM

Consider the average recommended equity exposure among a subset of short-term stock market timers I monitor, as measured by the Hulbert Stock Newsletter Sentiment Index (HSNSI). This average currently stands at minus 15.6%, which means that the average timer is allocating about a sixth of his equity trading portfolio to going short.

This minus 15.6% reading is one of the lowest on record. Only 4% of readings since 2000, in fact, were any lower. The last time that the HSNSI was as low as it’s been this month was February 2016, which was the bottom of the correction (some say bear market) that began in May 2015.

A similar picture is painted by the sentiment data for stock market timers who focus on the Nasdaq market in particular (as measured by the Hulbert Nasdaq Newsletter Sentiment Index, or HNNSI). They’re even more bearish than those reflected in the HSNSI; the HNNSI currently stands at minus 61.1%. Only 3% of readings since 2000 have been lower than this.



#2 LMF

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Posted 28 December 2018 - 03:18 PM

This market will be just fine after it gets back above the close on the FOMC date.....Dec 19.  Maybe even 2 consecutive daily closes above that level.  Not even 2 seconds before that point.  Get rid of those sellers.....



#3 cycletimer

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Posted 28 December 2018 - 05:03 PM

Ah....Sentiment is extremely bearish....among the public as well as newsletter writers.  I concur, this backing-n-filling action is a bottom forming. Three months from now when the S&P is bumping up against all time highs once again, this period we've recently been in will be a small blip on the chert.



#4 da_cheif

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Posted 28 December 2018 - 06:41 PM

Ah....Sentiment is extremely bearish....among the public as well as newsletter writers.  I concur, this backing-n-filling action is a bottom forming. Three months from now when the S&P is bumping up against all time highs once again, this period we've recently been in will be a small blip on the chert.

next week new highs eh