sentiment from traders
Started Jan 30 at 4:39PM (EST) (By marketfeel)
Transmitted from http://marketfeel.com
the traders I talk to are all looking for a bounce and then most are looking for where to short once we do
I was looking for the same thing but I always like to make the case against the crowd.
Here is a sentiment wrap up from tradersnarrative
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4 Comments
Top 1%
VicthebrickV
Jan 30 at 5:31PM (EST)
I agree - all bounces are not being sold into.
I think it is professionals that are selling into strength though and not necessarily the crowd.
Top 65%
marketfeel
Jan 30 at 6:08PM (EST)
even the pros I trade with are hoping for a rally. I am looking for sp 1040 area to see if there is buying there. I do expect some bounces but we do have more selling than we have had since july. Here is something I look at weekly that shows % above 50 day and we are at the july level. http://www.indexindicators.com/charts/sp500-vs-sp500-stocks-above-50d-sma-params-2y-x-x/
so as contrarian view we either bounce hard from here or continue down into a panic
I am actually ready for either. I took small amnt of calls friday.
Top 1%
guliamo
Feb 01 at 12:15PM (EST)
I'm hoping for a gradual incline in the charts but in a relatively defensive position.
Taken positions in Gold and in 7-10 year bonds for a large portfolio chunk. I guess I'm a bull at heart but thinking last year's run up was too steep..
Top 65%
marketfeel
Feb 01 at 5:54PM (EST)
everyone is still looking for waterfall decline for buys or big pop for shorts
looking at the best way to frustrate traders is a slow gradual increase the rest of the week
we have auto and truck sales tomorrow which can lead to a little weakness and then initial claims no thursday for weakness
so I thinking a drift into thursday with weakness thursday