ðĐ Margin Debt with brokers points up
FRED:BOGZ1FL663067003Q
Security Brokers and Dealers; Margin Accounts at Brokers and Dealers; Asset, Level
When we look at the first chart the Margin Debt with brokers (aka how much the brokers are deploying margin) - we see a positive relationship with the times when brokers are on margin (aka buying a lot) and the market going up.
When we analyse the Rate of Change of this stat for the last 15months we can see that currently we are getting to a state of bearishness close to the 2008 and 2002 periods. This of course is a contrarian indicator and could point to a move higher.
This is a long term assessment, but it is a good point to include in your analysis.
However remember we NEVER have confirmed of the NET NEW HIGHS - hence this market has still not confirmed Bull Status, at best we have Bull-transition. So be very cautious of the market.
When we analyse the Rate of Change of this stat for the last 15months we can see that currently we are getting to a state of bearishness close to the 2008 and 2002 periods. This of course is a contrarian indicator and could point to a move higher.
This is a long term assessment, but it is a good point to include in your analysis.
However remember we NEVER have confirmed of the NET NEW HIGHS - hence this market has still not confirmed Bull Status, at best we have Bull-transition. So be very cautious of the market.
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