Thread: coolhand's Account Talk

This week's NAAIM mean average ticked up almost 2.5 pts., which is not meaningful. These managers continue to play both sides.

Okay, this week we got a big move in the NAAIM mean average as it jumped higher by almost 30 pts. That puts it back into a bullish posture, so the downside would appear limited once again (for this week anyway). The bears went from fully short and leveraged to just fully short (no leverage) and there are much fewer of them now. Most of the NAAIM financial movement flowed back into the fully long and leveraged side of the market. I am now looking for the market to generally move higher into the next week.

Originally Posted by coolhand

Okay, this week we got a big move in the NAAIM mean average as it jumped higher by almost 30 pts. That puts it back into a bullish posture, so the downside would appear limited once again (for this week anyway). The bears went from fully short and leveraged to just fully short (no leverage) and there are much fewer of them now. Most of the NAAIM financial movement flowed back into the fully long and leveraged side of the market. I am now looking for the market to generally move higher into the next week.

Bull-Bear.jpg

This week's NAAIM mean average dipped less than 2.5 pts, which keeps it bullish for another week. I do note that the bearish positions of these money managers went from fully short and no leverage last week to fully short and fully leveraged this week. We've seen this before and sometimes it works out for the bears and sometimes it does not. But this is smart money, so we want to make note of it, but still lean toward the bullish side overall.

The latest NAAIM reading sees the mean average of this exposure index rise a little more than 5 pts. That keeps this indicator in a bullish configuration. Interestingly, the bears remain fully short and leveraged, but there are not many of them so there isn't as much risk taking as there might appear. Of course, the bulls remain long and leveraged.

I continue to expect this market to find ways to push higher (week by week). I would like to point out that the S&P 500 is the main index that this exposure index tracks, which correlates to our C fund.

Originally Posted by coolhand

The latest NAAIM reading sees the mean average of this exposure index rise a little more than 5 pts. That keeps this indicator in a bullish configuration. Interestingly, the bears remain fully short and leveraged, but there are not many of them so there isn't as much risk taking as there might appear. Of course, the bulls remain long and leveraged.

I continue to expect this market to find ways to push higher (week by week). I would like to point out that the S&P 500 is the main index that this exposure index tracks, which correlates to our C fund.

Sure would be nice if the bulls helped out the "S" fund a little.

Originally Posted by nasa1974

Sure would be nice if the bulls helped out the "S" fund a little.

Not much change to the NAAIM reading this week. The mean average dipped a little more than 2 pts, which keeps the sentiment bullish. Only minor changes in the numbers, which is of no real significance. The bears are fully short and leveraged, while the bulls remain fully long and leveraged. I continue to look higher overall for the next week or so.

Originally Posted by coolhand

I continue to look higher overall for the next week or so.

A real optimist after the last 3 days. A true Hero.

Originally Posted by WorkFE

A real optimist after the last 3 days. A true Hero.

I am only following smart money sentiment. Do I know more than financial professionals who would appear to have proven track records or they wouldn't be around for long? Some of them may have inside information. I respect that possibility.

Having said that, this market is not sitting on a solid foundation to say the least. But good luck trying to predict the day that "it's different this time".