Just Not Enough Bears...

Weekly Polls

Investors Intel reported 49.10% Bulls and 19.20% Bears. Last 54.70% Bulls and 18.90% week we had  Bears. This is ST Neutral and IT Neutral. The Bull/Bear ratio is 2.56, which is Neutral.

National Association of Active Investment Managers (NAAIM) Sentiment Survey reported that the Median market exposure fell to 75.00% Long from 99.38% Long. This is ST Bullish and IT Neutral.  Mean exposure fell to 65.03% Long from 87.91% Long. This is ST Bullish and IT Neutral. The minimum exposure fell from 0% Short to 100% Short, and Maximum exposure remained at 200% Long.  Overall, this data is ST Bullish and Intermediate-term Neutral. The modest Bearish shift suggests that the market is nowhere near done. 

AAII is showing 30.40% Bulls and 39.10% Bears vs.  40.60% Bulls and 28.70% Bears last week. Given the drop, this is ST Bearish for the market. IT is Neutral.

The SH saw $72MM in short-covering. I would expect just the opposite if we were making a low.

The PPT will likely wade in here, soon, but until the Bears get some serious converts, rallies are to be sold, I fear.

M

Mark:  I asked this question before but never got an answer.

Based on Wiki discussion on the PPT, I don't see what they can do to affect the DOW, SPX, stocks in general.

I can see where they may have an affect on the Treasury market (buy/sell bonds) which may/may not impact stocks.

Any info on how PPT can impact?

Same way China supported their markets at the beginning of February upon a 9% gap down over the weekend open, LIQUIDITY.  Rallied non-stop for about 15%.

http://finance.sina....000001/nc.shtml

If you are looking for a similar one week 15% decline, then the 911 in 2001 fits quite nicely with the Friday gap down and rally.  Rallied 25% in a few months.

https://stockcharts....m=1&a=724288741

Darris:  I assume your response in answer to my question.  If so, thank you for responding.

In regard to LIQUIDITY. 

We use these generic terms (LIQUIDITY in this case), but really No explanation of "HOW it's done?" and "how what is done -- liquidity - AFFECTS the market (again here talking about stocks).

Edited by dwnowhere1, 28 February 2020 - 01:25 PM.

I think the PPT can do, or HAVE DONE, ANYTHING they want. My guess is that they employ a whole bunch of strategies simultaneously. Probably options, futures, VIX options, etc. etc.

I can tell you, it seems obvious to me that they've been in there doing their thing since 5:00am ish today.

M

Just curious Mark...what have you seen today that seems to indicate the PPT's footprints?

I think the futures, only now, indicated this so called PPT action.  This is similar to me in the rally we saw on Dec 26th.  The March ES contract has now rallied from 2853 to 2995 and about to close for the week.  We saw at least 4 60 pt drops back down today after repeated 60 pt rallies, so to me that is a sign.  Also, from about 3:40pm at ES 2880 to the cash close we saw roughly 80 pts of rally.  fwiw, twt.

Also this link below shows one of the great CLX students work from Don or da cheif, and it is a high odds buy signal.  This data is based on yesterdays close.

https://www.dropbox....otspot.png?dl=0

Mark, the Intel numbers a re from the previous week, no? There should be a bigger swing in the next poll. 

Just curious Mark...what have you seen today that seems to indicate the PPT's footprints?

ppt    lamazoff......u guys and ur gremlins......watch the sky