Jump to content



Photo

Whoa! NAAIM


  • Please log in to reply
8 replies to this topic

#1 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 21,998 posts

Posted 13 May 2022 - 11:04 AM

NAAIM is very Bullish for the market. Just 4% median exposure. That's less than at the 2020 low.

NAAIM05-13-22.jpg

NAAIM08-27-19.gif


Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter


#2 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 21,998 posts

Posted 13 May 2022 - 11:05 AM

There was a data correction from last week. They had originally reported 65% median exposure last week. This was corrected to 20%. That means that the buy would have been last week, but in a Bear market, those signals are often a week or so early, soooo, this is more timely.


Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter


#3 andr99

andr99

    Member

  • Traders-Talk User
  • 7,389 posts

Posted 13 May 2022 - 02:41 PM

but if we are in a bear market, this should be just a bounce......am I wrong ?   


forever and only a V-E-N-E-T-K-E-N - langbard


#4 qqqqtrdr

qqqqtrdr

    Member

  • Traders-Talk User
  • 3,219 posts

Posted 13 May 2022 - 03:17 PM

Yes, if we are in a bear market this should be a 2 - 4 week bounce which is tradable.   There is a chance that it is a just a 3 day bounce, but not likely.  



#5 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 9,521 posts

Posted 13 May 2022 - 04:11 PM

This bounce has very simple explanation. It was not NAAIM.

FED chair Powell said today, that there is NO 0.75% rate increase under consideration.

Only 0.5% increase will be considered next month. 

 

Beware of face ripping rallies. That is classic bear market symptom.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#6 andr99

andr99

    Member

  • Traders-Talk User
  • 7,389 posts

Posted 13 May 2022 - 05:01 PM

This bounce has very simple explanation. It was not NAAIM.

FED chair Powell said today, that there is NO 0.75% rate increase under consideration.

Only 0.5% increase will be considered next month. 

 

Beware of face ripping rallies. That is classic bear market symptom.

 

when do they meet next month to decide the rate increase ? 


forever and only a V-E-N-E-T-K-E-N - langbard


#7 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,863 posts

Posted 13 May 2022 - 05:48 PM

Two images come to mind...

 

Wound.jpgFull-speed-ahead.jpg



#8 steadyquest

steadyquest

    Member

  • Traders-Talk User
  • 772 posts

Posted 13 May 2022 - 06:30 PM

I'm afraid they may have forgotten to ring the bell at the bottom --- again.

Here is a possible completed hourly down count from April for the dow - though it is full of retraces.  Does the purple line mark the first step up off a new floor, or is it the ceiling for another downward move?  If the former, the size of the first step points to a potential ATH.  The 1 minute chart contains a retrace between 3.5 and 2.33, suggesting the count might represent only a minor leg up.  The SPX chart, however, does not contain a retrace (yet).
Avi Gilburt posted some open updates today calling 4010 as the line in the sand.  SPX closed comfortably above that level at 4024.

https://www.elliottw...t/market-update

Pretzel Logic is calling for a strong rally into June if SPX sustains above 4015.

https://www.pretzelcharts.com/

 

dow.png

 

dow2.png



#9 steadyquest

steadyquest

    Member

  • Traders-Talk User
  • 772 posts

Posted 14 May 2022 - 08:31 AM

Pretzel Logic's link is http rather than https

http://www.pretzelcharts.com/