TopDown Charts Twitter Survey shows Technicians are mildly bullish of the US stock market but Fundamental analysts are VERY bearish
TopDown charts
In Callum Thomas’ Twitter survey he asked respondents to denote their equities view/positioning (bullish or bearish) and the main reason (fundamentals vs technicals). The chart shows the bulls vs bears spread for fundamentals and technicals. It shows that investors are bearish on the fundamentals and (reluctantly) bullish on the technicals. But the other interesting thing in the results is there has been a persistent bearishness, with overall net-bulls only being positive in 2 of the past 22 weeks since the correction began.
While this bearishness could turn out to be well-justified, it makes it plain to see that the pain trade is for stocks to go higher.
Callum does original charting of fundamentals and technical from his bade in New Zealand. It is clearly focused on the needs of institutional investors. It is highly original. Take a look and Take a trial: https://www.
