As of October 15, 2025 the NAAIM Index is relatively unchanged. Investment managers have reduced their percentage of short positions from last week. The Dow is currently following a pattern that occurred in December 2024, as shown below. If this pattern continues you could see the NAAIM Index move back above 90 before moving lower.
Note that this information is for educational purposes only and not a recommendation.
Data source: NAAIM Exposure Index
Stock charts courtesy of StockCharts.com.



