Bear market over
Corona Del Mar, CA |
Bear markets aren't official until a 20% haircut… |
Backing up for just a second…
…I don't ever use sentiment to determine how bullish or bearish market participants are. I've fed that data to machine learning, and it didn't find anything predictive about it.
It's an opinion. And you know what they say about opinions…
What matters most is how traders are positioned.
So let's take a look at the E-mini S&P 500 futures. Specifically nonreportable traders who get it wrong most of the time:
They been selling all year. Exactly the same as last year when they missed the V-bottom rally after the tariff surprise.
Are we going to see the same thing?
Well, stocks are blasting off to multi-month highs. I've been showcasing Intel $INTC as one of them. Most will wait for a pullback to enter, but that's not necessarily how money is made.
Honestly, I can't imagine trying to trade using news events. It would drive me crazy. |
P.S. If you're looking for proven strategies with up to 19 out of every 20 winning months on autopilot. We offer four flagship products. |
Trade smart,
Dan “Prince of Proof” Murphy
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