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Thread: NAAIM

  1. #1

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    Default NAAIM

    Below public chart for those of you who use the NAAIM for sentiment.

    https://stockcharts.com/h-sc/ui?s=%2...0c&a=340963748


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  3. #2

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    Default Re: NAAIM

    Argus Research 9/17 note:

    Most sentiment indicators have backed off a bit from bullish extremes, but we think more is needed. The NAAIM Exposure Index is the exception, crashing to 53% from 107% in just two weeks. That’s the largest percentage point decline since March and one of the biggest exposure shifts in recent years.

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  5. #3

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    Default Re: NAAIM

    NAAIM now at 102, only 3 points away from it's August top reading. Speculators have already poured back in the market.

    This means there is very limited fuel on the sidelines from a sentiment standpoint.

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  7. #4

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    Default Re: NAAIM

    NAAIM at 69.2. Plenty of fuel for a rally as large funds will be forced to get back on the Q4 performance train.

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  9. #5

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    Default Re: NAAIM

    Huge jump to 96. No longer at buy levels, and leans more bearish than bullish.

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  11. #6

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    Default Re: NAAIM

    Levels now euphoric at 105. A cooling can be expected. How much has the market over-hyped black Friday this year?

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  13. #7

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    Default Re: NAAIM

    After a high 3 weeks ago at around 113, NAAIM is now in the 80's - levels not seen since Sept, Oct, and early Nov.

    A reading of 80 is a bit more neutral than than bullish, but provides enough leeway for additional money to enter markets.

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  15. #8

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    Default Re: NAAIM

    Another massive jump to 108. This reading was last seen on 1/19/21 and 2/8/21. Prior to that, a reading of 108 had not been seen since December 2017 and that served as an early warning.

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  17. #9

    Default Re: NAAIM

    Quote Originally Posted by Bullitt View Post
    Another massive jump to 108. This reading was last seen on 1/19/21 and 2/8/21. Prior to that, a reading of 108 had not been seen since December 2017 and that served as an early warning.

    early warning for "up" or "down" market direction?
    thanks
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798


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  19. #10

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    Default Re: NAAIM

    Quote Originally Posted by Valkyrie View Post
    early warning for "up" or "down" market direction?
    A month later in January 2018, markets saw a 10% correction that bottomed in April.

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  21. #11

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    Default Re: NAAIM

    Sentiment and NAAIM seems to have played out.

    Right now NAAIM is at 65 which is closer to a bottom than a top. September-October 2020 saw readings in the 50's before a turn higher.

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  23. #12

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    Default Re: NAAIM

    David Keller, CMT, Stockcharts.com

    NAAIM exposure index has gone from 50% to almost 100% long in the last two weeks. Rydex flows at all-time lows (inverted on this chart). Frothy.
    https://twitter.com/DKellerCMT/statu...24797744422916

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