Everybody is awaiting Dow 20k.
Expect, that we might not see 20.000 even. Expect that the Dow jumps directely above this number so that no one will see 20.000 ( maybe for longer time) but probably higher numbers (maybe also for longer time).
Large Specs since September 2016 are not able to time the market. The latest numbers are showing that large specs reducing theire net long positions once more.
What does this mean?
All major US-Indices are close to ATH´s and Hedgefonds are betting for lower stockmarket prices. Any uptick in the SPX cost Millions of US-Dollar. Any suprise might be on the upside still. The downside potential is still limited.
Before you read this news about todays market action (link below) keep your attention to the high level of putbuying at the CBOE: Total Intraday Put/Call Ratio 1,13. If ever there might be any higher number before the weekend the remind that usually high numbers like this are followed by a major spike to the upside some trading days later. Expect that a "fail" for Donald J. Trump might be nothing else than "sell the news" (for shortsellers). You need to invert the situation.
DAX Traders need to be aware that the EUWAX Sentiment Indicator today once more was extremely negative - means nothing else that putbuying was extremely high.
Quote: Wall St closes lower after Healthcare vote delay