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Examining the Bull/Bear Figures

These newly released numbers suggest that the current rally isn't done yet.

This morning, Investors Intelligence reported its weekly bull/bear figures. As you know, I have been screaming for them to move to show too many bears or too few bulls. Last week must have finally done it because the bulls fells to 36.7%, a reading we haven't seen since June 2006 (one month before the summer low). The bears rose to 35.6%.

It's not quite the three weeks in a row of 37.4% we saw in August, but these numbers are enough for me to believe this rally isn't done yet. So for now, stick with the update list's long PowerShares QQQ (QQQQ) and Ultra Dow30 ProShares (DDM) positions.

I'll follow this up with more details in tonight's newsletter.

(This message is repeated in the attached newsletter.)

High on Tech

High on Tech

Let's check sentiment, why you shouldn't trust any bounce from the producer price index number, and what the heck is up with those put/call ratios?

Bond Relief

Bond Relief

Here's why bonds could use a little respite as they were the only thing to really move today. Also, let's look at sentiment and McDonald's.

Breaking Bank

Breaking Bank

Suddenly everyone noticed the banks are not so hot. Also, let's look at new lows, energy and Exxon, and ... vomiting camels ...

A Rally Last Week? What Rally?

A Rally Last Week? What Rally?

It's almost like what happened last week never happened. Also, let's check the indicators, the overbought reading, energy, transports and ... Tesla.