Interim Update Sept 16. 2021

[SOL]

We are almost done tabulating our sentiment data and Bullish sentiment could come in as low as 20. Neutral sentiment could come in at 41to 42 and bearish readings could come in the 38 to 39 ranges. These readings are as strange as one can expect for such low bullish readings usually coincide with a severe pullback.

This development seems to support the theory that too many people expect a correction and therefore this correction is going to be delayed. Now if the markets drop on such low bullish sentiment it would make for a short term splendid buy as everyone that held out will jump in after the markets recoup and then take out their new highs. This in turn could lead to a blow-off top next year.

[Cinnamon]

Experts are skeptical of jumping in and now Retail investors are joining the back.


Retail traders aren't buying the dip like usual: Analysts

The maxim “buy the dip” has been commonplace in retail investing – and retail investors demonstrated their commitment to this idea during the pandemic. But for the first time in a while, retail investors might be ignoring that guidance now.

The S&P 500 index dropped over 30% in March 2020. Ordinary investors didn’t flinch; instead, they bought up index funds on the cheap. In many cases, this activity has worked as a counterweight to the market’s plunges.

A note from Vanda Research, a finance analytics firm, describes how that’s been true for 2021 as well, except for the most recent hiccup in the markets.

“Retail investors have bought every minor dip in equities this year, shielding the S&P against a double digit sell-off,” analysts Ben Onatibia and Giacomo Pierantoni wrote. Usually the activity has been in S&P 500 index funds and ETFs like QQQ, they added.

On Yahoo Finance Live this week, BMO senior investment strategist Jon Adams pointed out that the buy-the-dip strategy has been “a very good strategy over the last few years.”

But while there was a small uptick in inflows in the types of ETFs usually seen in dip-buying this week, “the magnitude has been a little underwhelming relative to previous sell-offs,” Vanda analysts wrote.

In similar-sized drops in the market in July and August, retail investors bought anywhere between 35% and 100% more than they did between Sept. 10 to Sept. 14.

https://finance.yahoo.com/news/retail-t ... 17959.html

SOL It looks like your hypothesis might come true. Everyone thinks the market is going to pullback

[Yodean]

[AstuteShift]

Yodean on a different planet with the Bloomberg terminal

[Yodean]

Yodean on a different planet with the Bloomberg terminal

Lol, I am pretty low tech, actually. I stole that graph off someone else's feed.

[nicolas]

Looks like today may be the beginning of the awaited Sep / Oct correction.

Very well. It's past 6pm here, ready to enjoy a cold one.


Kayaki, a Georgian beer.

In the long term, any strong pullback has to be viewed through a bullish lens as long as the trend is up. Remember, when the masses panic, tactical investors celebrate.

I'm merely following instructions

[bpcw]

Nice cup of tea, very English!

[bpcw]

https://youtu.be/d-diB65scQU

[AstuteShift]

Time to dance

[Yodean]

This is far superior, not even STEFK can dance like this, I would think:

https://youtu.be/dMRWgDEi_jA

[bpcw]

This is far superior:

You win!!!

[jlhooter]

You guys are sick and I never felt more at home.

[AstuteShift]

You guys are sick and I never felt more at home.

I love seeing blood and carnage, in reality it’s flowers and cookies for me and the rest of us

[SOL]

This is far superior, not even STEFK can dance like this, I would think:

Those moves take skill. I was lucky when I was in Turkey in Pamukkale to be precise to be invited to a night of belly dancing. The way those ladies moves is astounding. It looks simple but it takes a lot of energy

https://youtu.be/tE2JBf2L8W4

[gnosis12]

Cathie Wood has sold $270 million in Tesla amid the tech sector selloff. Yahoo Finance Live breaks down the details.

https://finance.yahoo.com/video/ark-cat ... 12627.html