StockMarket in general bounced except for the NAAIM index last week
The NAAIM Exposure Index is a tool used by traders to gauge the sentiment of active investment managers in the U.S. stock market.
It's a weekly survey conducted by the National Association of Active Investment Managers (NAAIM).
NAAIM member firms, which manage client portfolios, report their overall equity exposure at the close of the market each week (typically Wednesday).
High Readings (Above 90): If the index is very high, it suggests managers are heavily invested, potentially indicating a market peak is approaching.
Low Readings (Below 70): Conversely, very low readings suggest managers are cautious or bearish, which could signal oversold conditions and a potential buying opportunity.
Combine with Other Indicators: Use the NAAIM Exposure Index alongside other technical indicators like price action, moving averages, relative strength index, ando others for a more comprehensive view of the market.
$S&P 500(.SPX)$ $DJIA(.DJI)$ $NASDAQ 100(NDX)$ and the #StockMarket in general bounced last week, it has usually be consistent with an raise in the #NAAIM index as highlighted by the green arrows.
Last week, the NAAIM index didn't bounce as the indexes did. An interesting divergence.
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https://twitter.com/SmartReversals/status/1784579357903618361
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- Meet0·04-29The NAAIM index not bouncing like the other indexes is definitely worth noting.LikeReport