• 750 days Will The ECB Continue To Hike Rates?
  • 750 days Forbes: Aramco Remains Largest Company In The Middle East
  • 752 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,151 days Could Crypto Overtake Traditional Investment?
  • 1,156 days Americans Still Quitting Jobs At Record Pace
  • 1,158 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,161 days Is The Dollar Too Strong?
  • 1,161 days Big Tech Disappoints Investors on Earnings Calls
  • 1,162 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,164 days China Is Quietly Trying To Distance Itself From Russia
  • 1,164 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,168 days Crypto Investors Won Big In 2021
  • 1,168 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,169 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,172 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,172 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,175 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,176 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,176 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,178 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Stock Barometer

Stock Barometer

Stock Barometer

Stock Barometer is completely independent. We have never and will not ever accept compensation from any company whose stock we recommend. Our goal is to…

Contact Author

  1. Home
  2. Markets
  3. Other

A Shift

6/6/2014 5:54:20 AM

Good morning traders,

A couple charts for you this morning as we see the markets break out higher following a pause.

One of our measures of sentiment, the AAII Survey, which measures bulls, bears and neutral investors. We had recently seen a historic level of neutral traders, as the doubt of this rally continued. We're finally seeing those traders shift to bullish:

AAII % Bulls Chart

You can access all 14 years of our data www.stockbarometer.com

On the breakout, it was telegraphed when the market didn't break down. This is a measure of market efficiency:

NASDAQ Barometer Efficiency Chart

So as the QQQs sat around at highs, the energy inside built up for this break out. The key here, as we've seen time and time again is if there's no follow through, then we have a more bearish development in the market. But we're not there yet as we have to get through the Jobs report and it's a Friday in the summer...

Regards,

 

Back to homepage

Leave a comment

Leave a comment