5 replies to this topic

[OEXCHAOS]

The median advisors is back to 100% Long.

 

More importantly, at least 75% of their advisors are at least 90% long. Now, there's at least one advisor who's 50% short, but the boat looks pretty fully loaded on the Bullish side.

 

 

[4caster]

On  Dec. 11, 2024 it was 99.24. I'm not so sure those folks are done yet. Many times over

the past several months we've seen some bad economic news come out causing a ST

pullback and the Bulls come in and buy it. I wouldn't be surprised to see today's Walmart

pullback be bought because Walmart isn't involved in the AI industry.

[OEXCHAOS]

BP's aren't looking too bad. VIX isn't spiking the way Bears would want. If I were (meaningfully) short, I would have my finger on the trigger.

 

M

[4caster]

Could it possibly be that today the Bulls are actually taking into consideration the economic

data pertaining to weak retail sales, poor consumer confidence, weak home sales and the

SPX P/E at 30? Go figure.

[blustar]

This pattern is a bullish XYZ "B" Wave, we are in Z.  Higher prices into Tuesday expected to slight new highs

[4caster]

Bring on your bounce. This is why I'm a day trader. When the intra-day price goes up I buy Calls

and when it goes down I buy Puts. Trading the mkt is not rocket science.