Chart of the day: Traders are too bearish

April 14, 2017 11:36 AM

"Traders are too bearish. Stocks are going to bottom early next week and the frantic put buying seen in this chart will likely prove futile".

About the Author

Gary Savage started SmartMoneyTracker in 2007 right before the bear market began, and called the top in Nov. 2007. Cycles and sentiment are his two primary analysis tools. In his teens, he was a national Judo champion. He was a national weightlifting champion at 26, and by 39 he was a world weightlifting champion and world record holder. An entrepeneur his entire life, he has multiple businesses in addition to SmartMoneyTracker.