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Posted 10 May 2020 - 07:50 PM
To summarize: institutions selling, machines flat, hedge funds more bearish... but volumes and liquidity down, buybacks surging (something we touched upon more last week), shorts crushed and forced to cover and - drumroll - retail investors flooding the market and "making a killing" at least according to Robin Hood data which as Michael Krause notes, is a good proxy for what all retail US stock traders are doing.
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Posted 10 May 2020 - 07:55 PM
the overall crowd is bearish, the traders are short and trapped, simple. It still goes higher IMO, even though we are at the .618 retrace in SPX. The SPX 200d MA of 3000 seems to be the target.
I want return OF my money more than return ON my money
Posted 10 May 2020 - 08:12 PM
People whose CD's and Bonds have just matured, then they look at the renewal interest rate, and buy stocks.
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Posted 10 May 2020 - 09:19 PM
Edited by redfoliage2, 10 May 2020 - 09:25 PM.
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Posted 10 May 2020 - 09:28 PM
People whose CD's and Bonds have just matured, then they look at the renewal interest rate, and buy stocks.
People who put their $ into CD don't buy stocks.
Mark S. Young
Posted 11 May 2020 - 07:55 AM
Shorts don't seem to be covering...
Mark S Young
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Posted 11 May 2020 - 08:21 AM
Not good, but kind of expected.
Also, the position polls have been a fade about 5 days in a row, some longs went back on Friday as they threw in the towel, and here we are down. I guess they are better in bull markets.
Edited by CLK, 11 May 2020 - 08:23 AM.
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Posted 11 May 2020 - 09:13 AM
The FOMO in NQ must be stratospheric. You can buy it, not me. I am going to wait for it to correct big time. There are way to many preaching that this market can only go higher to all time highs yesterday.
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Posted 11 May 2020 - 09:14 AM
Shorts don't seem to be covering...
Mark, the chart showing those SH shorts you have been posting has been right on, and still extreme.
I want return OF my money more than return ON my money
Posted 11 May 2020 - 11:55 AM
People whose CD's and Bonds have just matured, then they look at the renewal interest rate, and buy stocks.
People who put their $ into CD don't buy stocks.
You are correct, I meant only bonds, especially Treasury bonds.
I understand total money in bond market is more than stock market, or at least it used to be.
