Dow/S&P500/NASDAQ: NAAIM Index – August 27 2025

Managers are still leveraged to the bullish side with readings of 200% bullish and 0% bearish. This is identical to the bullish (200%) and bearish (0%) readings on January 8, 2020. Stock markets are expected to move up slowly, just as they did in January and February 2020. Based on other indicators a decline should occur in the last quarter of 2025. It is still unknown at this point how quickly a decline will occur.

Note that this information is for educational purposes only and not a recommendation.

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