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Tuesday, April 23, 2024

IS THE SMART MONEY GETTING SHORT?

IS THE SMART MONEY GETTING SHORT?

Courtesy of The Pragmatic Capitalist 

The most recent commitment of traders report (courtesy of Sentiment Trader) shows a massive short accumulation in the Nasdaq 100.  If you look at past occurrences their market timing has been fairly good.  The current net short position is almost twice as large as any occurrence in the last 5 years.  Is the dumb money on the wrong side of the trade or are the institutions about to become fuel for the next leg up?

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