All posts by Michael Comeau
Weekly Sentiment Report: Did the Bulls Just Go Too Far?
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. Last week, we saw a rapid increase in bearishness. The moment the Nasdaq started looking shaky, traders started scooping up put options in advance of a larger fall. But in keeping with […]
Continue Reading -->Are Traders More Bearish Today Than in 2007?
Quick Summary It’s trendy to say that everyone’s bullish. But the evidence shows that many investors don’t trust the market. A lot of investors left the market altogether! ******** Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. That’s how I open T3 Live’s Weekly Sentiment Reports. And it’s very rare that the “permas” […]
Continue Reading -->Weekly Sentiment Report: The Bears Are Out of the Cave
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. On the morning of June 9, traders were looking very, very bullish. The VIX made a new generational low at 9.37 while the SPX, Nasdaq, Russell 2000, and Dow hit record highs. And then Apple (AAPL) and Nvidia (NVDA) […]
Continue Reading -->Weekly Sentiment Report: With Record Highs All Around, Are the Bulls Out of Control?
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. Last week, we definitely saw a bull party starting, with the VIX dropping back towards the 9.56 generational low set from May 9. And after I wrote that, the VIX made an […]
Continue Reading -->5 Fast Facts About the Boring S&P 500
2017’s been a nutty year. It’s been a remarkably sleepy year, with the S&P 500 grinding up at a snail’s pace despite growing geopolitical tensions, stretched valuations, and an endless flurry of headlines out of Washington courtsey of President Trump. So I dumped 9,438 trading days worth of data — going back to January 3, […]
Continue Reading -->The Sub-10 VIX Is About to Set a Crazy Record
Min Zeng of the Wall Street Journal just Tweeted a very interesting stat about the VIX: $VIX at 9.75, on pace to close under 10 for the seventh time this year–the most ever. I double-checked the data and indeed, Zeng is correct. But taking a deeper look at the data (my data set goes back to […]
Continue Reading -->Weekly Sentiment Update: The F.O.M.O. Train Is Unstoppable… for Now
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. Last week, we saw traders show less more fear after the SPX broke to new all-time highs. And the question I asked was whether we were set for a F.O.M.O.-driven ride up to […]
Continue Reading -->Weekly Sentiment Update: Can We Ride a F.O.M.O. Wave to SPX 2500+?
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. Last week, traders swung to a moderately bearish stance. But yesterday, the SPX blasted up to a new record high of 2418.71, so let’s see just how quickly sentiment is turning. (click here for […]
Continue Reading -->Weekly Sentiment Update: Some Fear Is Here. But Maybe Not Enough.
Just when everyday seemed to greet me with a smile Sunspots have faded and now I’m doing time Now I’m doing time ‘Cause I fell on black days -Chris Cornell (R.I.P.) Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. Last […]
Continue Reading -->Weekly Sentiment Update: The Bulls Come Out to Play
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. Last week, sentiment was very bearish, and I said “I think SPX makes new all-time highs above 2401 by Monday at 9:45 a.m. ET.” And indeed, in the aftermath of Emmanual Macron’s […]
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