AAII Sentiment Survey results are out this morning. Bullishness remains elevated and Bearishness has collapsed. In the Dow Chart below I have noted those dates in the recent past where Sentiment was at similar levels Continue reading “AAII Sentiment Results and Interpretation”
PMO BUY SPX 78% (recent) Accuracy
Last night we covered the “PMO Buy All” indicator which had a 70% accuracy rate for predicting pullbacks. Continue reading “PMO BUY SPX 78% (recent) Accuracy”
Unusual Options Activity
Today some institution/fund purchased 13,377 contracts of March 21 strike calls (or the right to buy 1,337,700 shares of California Resources Corp. CRC at $21). The open interest was just 314 prior to this purchase. CRC reports Continue reading “Unusual Options Activity”
Insider Buying
Russell 2000 (top 30 weights) Earnings Estimates/Revisions
In the spreadsheet above I have tracked the earnings estimates for the top 30 weighted Russell 2000 small cap stocks. I have columns for what the 2019 and 2020 estimates (if available) were: 11/22/18, 12/22/2018, 1/22/19 Continue reading “Russell 2000 (top 30 weights) Earnings Estimates/Revisions”
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Quote of the day…
Be in the know. 6 key reads for Wednesday…
- Europe Is Emerging as the Real Weak Link for Global Economy (Bloomberg)
- Oil Extends Gain On Saudi Output Pledge, Trump Trade Flexibility (Investor’s Business Daily)
- U.S.-China Trade Talks Face Big Obstacle: Ensuring That Promises Are Kept (New York Times)
- From Guinness to Bud Light: These are the most popular beer brands in America (USA Today)
- Ray Dalio interview with Paul Volker (YouTube)
- Twilio (TWLO) Reports In-Line Q4 EPS, Guidance Light: (Street Insider)
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PMO BUY ALL 70% (recent) Accuracy
7 out of the last 10 times that the “PMO Buy All” indicator got to 100, it led to a short term correction in the general indices. In the chart I have annotated above, I show the PMOBUYALL in red/black, the S&P 500 in the Continue reading “PMO BUY ALL 70% (recent) Accuracy”
