THE SHORT BEAR
THE SHORT BEAR

@TheShortBear

4 Tweets Mar 23, 2023
TD Ameritrade shows customers selling as much as they have since 2020.
The only time customers sold at this level was in 2008.
Equities are being sold across the board into the new year at a level exceeding anything in the past 8y.
Most likely accelerating due to tax lost harvesting.
The low equity positioning is even exceeding tech which we discussed a few days ago.
If we are still looking for exhaustion, this might be it.
Model by: @ukarlewitz
Both NYSE and NASDAQ are finally showing a positive breadth with more new highs than lows.
NASDAQ especially as one of the most sold sector via Tech hereabove is truly showing a character change.
We could still fail, but we could see a decent try at higher levels here.

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