The Most Bears In Over A Year

Was that the washout?

Did we just get the flush necessary for a year-end face ripper in stocks?

Sentiment is now turning into a tailwind, rather than the headwind it was this summer. What a difference 6 months makes!

See: Where did all the bears go? (June 3, 2021)

Price is what pays. But it's hard for stocks to have a sustained uptrend when everyone is already bullish. At a certain point who's left to buy?

That was this summer.

Today it's the opposite.

The question we should now be asking is, Who's left to sell?

I got 3 urgent phone calls last night. 2 from market professionals in panic and 1 from a wine maker in sonoma looking for a recipe.

Who's winning here?

• JC

About Last night....

Wednesday night we led off with a look at the Dow Industrials and the Dow Transports. We cleaned up with the Ethereum/Bitcoin ratio.

In between, we broke down more than 130 charts covering just about every asset class and sector in a little more than an hour.

It's time well spent if you want to understand and benefit from price action in the middle of the most bullish season of the trading year.

ASC Premium Members, click here to review the video and the slides from the December 2021 Monthly Charts Strategy Session.