Dannyboy has a lot of knowledge and I think he’s very knowledgeable.
D
Bullish is good. It will get me closer to my high point I was at back in November of 21. 2022 kicked my butt.
May the force be with us.
Dannyboy has a lot of knowledge and I think he’s very knowledgeable.
D
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Huh! What?
May the force be with us.
I'm lost
In Dog Beers I've only had two.
Bartender, I'll have what he's having.
2 IFT's! That's it, Be cautious & WISE!
This week's NAAIM mean average fell almost 20 pts. That still keeps it in a bullish posture, but I note that the bears are now fully short and leveraged. There still isn't a lot of them, so there remains a healthy respect for the longer term trend (up). While I am not trusting of this market, I do respect the trend, so until something breaks I am looking higher.
A rose by any other NAAIM...
May the force be with us
This week's NAAIM mean average dipped a little more than 2 pts., which is almost meaningless. The reading itself remains bullish, so these money managers continue to respect the longer term bullish trend. The bears remain fully short and leveraged and they have been on the right side of this market in the short term. I think it bears repeating what I said a week or two ago that this is an election year and that generally means the market finds a way to stay afloat if not outright advance over time. Be that as it may, this is not a normal election year (is anything normal anymore?), so we don't want to get complacent. But as long as NAAIM remains bullish, the odds are generally pretty good that the downside is limited.
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