2 replies to this topic

[OEXCHAOS]

The Fully Long/Fully Short has been giving Buys every day now for a while.

 

Moreover, there have not been enough Short Bears in the poll to call a top at all. Same thing for today.

[12SPX]

Hmmm I don't remember that sell signal being given last week just the buy, hard to follow.

[OEXCHAOS]

Hmmm I don't remember that sell signal being given last week just the buy, hard to follow.

 

Wall St. Sentiment Daily 3/05/19 -- AM EDITION
Institutional Sentiment Research
Published Tuesday 3/05/2019
By Mark Steward Young

Short-Term Sentiment:  Mixed.

Overall Intermediate-Term Sentiment: Mildly Bearish for the market.

Individual Investor Sentiment: ST Bearish for the market. IT Bearish for the market.

Small Speculator Sentiment: ST Bullish and IT Mildly Bearish for the Market.

Small Hedge Fund/Manager Sentiment: ST Bearish and IT Neutral for the Market.

Longer-term Trend:
Bear Market Condition.

Intermediate-term Trend:
Positive. Confirmed.

Secret Hedge Fund:
Negative.

Short-term (one or two-day) Signal:
Sell and a Buy.

We are trading these signals and others intra-day for our Premium subscribers--contact us for details (call the number below or reply to this email).



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The Fully Long/Fully Short is flashing a 2X Sell. The Options Oscillator is flashing a strong Buy.

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Late Evening Indicators
Best Trend: Positive. Confirmed.
CBOE:SPX: Negative. Confirmed.
ST Momentum: Negative. Confirmed.
Swing Momentum: Negative. Confirmed.
IT Momentum: Negative. Confirmed.
Breadth: Mixed.

 

Message Board Sentiment:

Message Board Opinion - Neutral.
Bulls 13%
Bears 25%


Actual Position Poll - ST Bearish.
25% Fully Long
25% Partially Long
13% Partially Short
13% Fully Short.


Fully Long/Fully Short: 2X Sell.





The Fully Long/Fully Short is flashing a 2X Sell. So few Short Bears implies almost no chance of a top today (nor yesterday). The Opinion Poll is Neutral for the market.
 

If you'd like to check out these poll results real time, the polls are pinned at the top of this page: http://www.traders-t...ss-forecasters/ . 

 

 

Systemic Risk: The Financial vs. non-Financial Commercial Paper reported a rise to 0.10 on Friday, which is benign.

 

Conclusion
Last time, I said that the market did bounce robustly at channel support and which was a Bullish sign, despite the big give back. Breadth was solid and the trend was intact. The lack of Short Bears meant that theoretically, there was almost no chance that we made the top yesterday. We had a strong Options Oscillator Buy last night and I was thinking that the market would make another run higher. This morning, we have a 2X Sell from the Fully Long/Fully Short. We again do not have enough Short Bears to look for a real top today. I have a sneaking suspicion that both the Buy and the Sell will get right and likely get right today.