Newsletter Writers Most Bullish Since 2021

JC Parets
February 6, 2024

Another day goes by in the market, and more selling came in.

Investors are making a habit of this whole selling thing.

You notice?

In yesterday's trading we saw the fewest amount of stocks in longer-term uptrends since mid-December. We also had the fewest stocks in short-term uptrends since mid-November.

You may not see the selling pressure as much at the index level, but for those of you who actually take the time to count what the stocks themselves are doing, you know.

Take a look at the new highs list, essentially non-existent throughout the month of January, even with the S&P500 and Dow hitting the highest levels ever.

You can also see the divergences in Consumer stocks, Small-caps and Emerging Markets currencies:

If it was just one divergence, that would be one thing.

But it's not just one.

It's all of them.

Meanwhile, newsletter writers are telling you that NOW is the time to buy stocks. Notice how these geniuses were telling you to SELL stocks just as the market was bottoming in 2022.

Officiially, newsletter writers are the most bullish they've been since 2021. If you recall, most stocks had already peaked by then and shorting equities had already become the easier trade.

Sound familiar?

Last night was our LIVE Monthly Conference Call.

We discussed the short positions we put on last week and what the market would have to do for things to get much worse.

Premium Members can check out the replay here and download all the slides.

If you'd like to access this video strategy session and all the trade ideas, you can email Mary directly and she'll set you up.

Give it a watch and then let me know what you think!

JC

 

 

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