DJI , Observations about net shorts = BULL MARKET ( FOR ME )
This is an update on sentiment analysis using actual positioning data of the
Dow Jones , S&P 500 and French and German 40 .
At this time technically we have these levels :
Dow Jones 81% net short
US 500 57% net short
France 40 - 82% net short
German 40 - 79% short
The theme is the same as it was since Oct 13 ( my personal market bottom call per QQQ and spy ) , the market is going up . The sentiment is very negative and the net short levels are growing . I personally believe that this is a perfect time for the market to do its thing and prove the general sentiment wrong and keep moving in the unexpected direction , UP .
My opinion at this point is that we are already in a new bull market and seeing the net short levels increase as those bearish traders continue to lose makes me feel more and more certain that we are in a bull market now and that net short positioning is beneficial to support a sustained move up because eventually those traders will change their minds and start buying. Or their aggressive shorting could pay off too ... I am also often wrong . But I enjoy the game .
Stocks above their 200 ema ( MMTH) also broke above a significant area today too , we now have a higher low and higher high and are sitting at nearly 46 % of stocks above their 200 sma's. I think that looking at that chart helps a lot to see market breadth and its important to note that it was in a stage 4 downtrend since may of 2021 , 9 months before the official bear market was confirmed . Also at the beginning of the bear market we were at 48% of stocks above their 200 sma and we are nearly back above that level .
Finally , I have been seeing pretty nice follow-through on my GLB names I watch too which is a additional change in the markets behavior as of late .
Bull Market ~
Dow Jones , S&P 500 and French and German 40 .
At this time technically we have these levels :
Dow Jones 81% net short
US 500 57% net short
France 40 - 82% net short
German 40 - 79% short
The theme is the same as it was since Oct 13 ( my personal market bottom call per QQQ and spy ) , the market is going up . The sentiment is very negative and the net short levels are growing . I personally believe that this is a perfect time for the market to do its thing and prove the general sentiment wrong and keep moving in the unexpected direction , UP .
My opinion at this point is that we are already in a new bull market and seeing the net short levels increase as those bearish traders continue to lose makes me feel more and more certain that we are in a bull market now and that net short positioning is beneficial to support a sustained move up because eventually those traders will change their minds and start buying. Or their aggressive shorting could pay off too ... I am also often wrong . But I enjoy the game .
Stocks above their 200 ema ( MMTH) also broke above a significant area today too , we now have a higher low and higher high and are sitting at nearly 46 % of stocks above their 200 sma's. I think that looking at that chart helps a lot to see market breadth and its important to note that it was in a stage 4 downtrend since may of 2021 , 9 months before the official bear market was confirmed . Also at the beginning of the bear market we were at 48% of stocks above their 200 sma and we are nearly back above that level .
Finally , I have been seeing pretty nice follow-through on my GLB names I watch too which is a additional change in the markets behavior as of late .
Bull Market ~
艾力克~
