Odd-Lot Short Sales on the rise

I try to stay on top of the data weekly. I usually only post it when I see something interesting, but I'll keep up with this whether it's interesting or not. You might have to rattle my cage once in a while.

Dude, you're mostly a Naz trader, right?

 

That indeed is the case and has been documented. Check out the paper by Barber and Odean titled "All that glitters: the effect of attention and news on the buying behavior of individual and institutional investors."
I was trying to attach it by the pdf exceeds the size limit... You can probably find the paper online.

 

Apparently the little guy is right for a change.

 

I mean, I hope it doesn't end this way.

 

Yeah, it is definitely a contrarian indicator for market sentiment. But, in terms of the overall volume versus odd lot volume issue, why not just look at the public short ratio, which deals with all of this? BTW a public short ratio of over 40% is considered a bullish indicator.

Has anyone looked recently at the CONSENSUS report lately for the SP 500? I would imagine its reaching oversold levels (over 75% of those surveyed are bullish)

You can also look at the put/call ratio on the CBOE....I havent lately, but if its anywhere near .8 then thats also indicating bull.....if someone checks this, please post the info they find..im curious!!!

Gotta love those contrarian indicators....

 

has anyone looked into this shit?

 

yep. lotsa people have. since before you were born.

 

Really, bung, I thought puts and calls were invented at the same time as supermontage. Thanks for the heads up, buddy... but no one seems to want to check it out now....and I would if it wasnt for my futures licensing exam friday (cdn).

Havent looked at this shit in a couple of months, could be interesting.

 

on the odd lot short sales data from Barron's. Looks like it flattened out. I can't get much from it this week. Info like this is, I think, most useful when it is at some extreme.


The data on the specialists positions is two weeks old so I won't bother posting it until/unless I can get it current.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=126195" width = 465 height = 315></img>

 

Something else of interest, in the big picture, is the QCHA (defined in Barron's as "average percentage movement for all exchange listed stocks each day on an unweighted basis.") QCHA is for the NYSE.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=126199"width = 465 height=315></img>