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Daily Report : NAAIM Index at Elevated Levels

by Sentimentrader
2025-12-23
While investor surveys typically serve as contrarian indicators, the NAAIM Exposure Index breaks the moldthis gauge of active money managers' equity exposure has recently hit key bullish thresholds, reinforcing the case for favorable stock market trends in the coming months.
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Headlines

NAAIM Index at Elevated Levels: While investor surveys typically serve as contrarian indicators, the NAAIM Exposure Index breaks the moldthis gauge of active money managers' equity exposure has recently hit key bullish thresholds, reinforcing the case for favorable stock market trends in the coming months.

Smart / Dumb Money Confidence

Smart Money Confidence: 34% Dumb Money Confidence: 66%

Risk Levels

Stocks Short-Term

Stocks Medium-Term

Bonds

Crude Oil

Gold

Agriculture

Research

NAAIM Index at Elevated Levels

By by Sentimentrader

BOTTOM LINE
While investor surveys typically serve as contrarian indicators, the NAAIM Exposure Index breaks the moldthis gauge of active money managers' equity exposure has recently hit key bullish thresholds, reinforcing the case for favorable stock market trends in the coming months.

FORECAST / TIMEFRAME
SPX -- Up, Long-Term

Sentiment Risk On / Risk Off Overview

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Indicators at Extremes

Click here to view on the site (% Extremes and "Excess" tabs on the dashboard).
% Showing Pessimism: 5%
Bullish for Stocks
Inverse ETF Volume
Mutual Fund Flow (no ETFs)
CSFB Fear Barometer
% Showing Optimism: 46%
Bearish for Stocks
Smart Money / Dumb Money Confidence Spread
Intermediate Term Optimism Index (Optix)
Smart Money Confidence
Short-term Optimism Index (Optix)
Dumb Money Confidence
% Showing Excess Pessimism
% Showing Excess Optimism
VIX
Rydex Money Market %
Rydex Ratio
Retail Money Market Ratio
NYSE High/Low Ratio
NYSE Up Volume Ratio
NYSE Arms Index
S&P 500 Down Pressure
ISE Equity Call/Put Ratio
SKEW Index
Stock/Bond Ratio
VIX Term Structure
ISE Call/Put Ratio
Options Speculation Index
LOBO Put/Call Ratio
NAAIM Exposure Index
AIM (Advisor and Investor Model)
NYSE Available Cash
AAII Allocation - Stocks
Equity / Money Market Asset Ratio
Mutual Fund Cash Level

Phase Table

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Ranks

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Sentiment Around The World

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Optimism Index Thumbnails

Sector ETF's - 10-Day Moving Average
Country ETF's - 10-Day Moving Average
Bond ETF's - 10-Day Moving Average
Currency ETF's - 5-Day Moving Average
Commodity ETF's - 5-Day Moving Average
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Risk Disclosure: The information and tools provided are for research and analytical purposes only and are not intended as investment advice. Market analysis involves uncertainty, and outcomes may differ from expectations. Users should conduct their own due diligence and consider their individual circumstances before making any financial decisions. Past performance is not necessarily indicative of future results.

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