OK, institutional buying and selling trending says nothing new today, but a promise is a promise, so I post it here, courtesy of www.stocktiming.com.
Disclaimer
The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.
This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.
Cobra,
ReplyDeletethanks again.
I'm looking at the chart and seeing similarities to either early October 2008 or mid-december 2008. The first one was obviously a great time to sell, the second was a bit too early. Time will tell.
I've heard on the news that BOA is only midway in asset selling. Maybe the powers will keep the market alive for a bit longer?
Are these institutional charts available for years 2002-2003? That would be the best time period to study IMHO.
No, I don't have the chart for 2002-2003. This is the only chart I have.
ReplyDeleteWell one thing XLF is dead flat since pre-market and is not participating to the upside and is moving down now... NDX is the one that's pushing up the market with a bit help from IYR
ReplyDeleteVIX is collapsing at a amazing rate while spx has not even pop above 930(yet).
By the way Cobra, the data above, is that real time? Seems is early in the morning I guess that data might change by the end of the day?
ReplyDeleteIt's not a real time chart, updated every morning for the last day, so it doesn't reflect the today's change yet.
ReplyDeletegood charts. This rally doesn't seem to be having much participation... But when will the drop start if at all???
ReplyDeleteWhat a weird day! Was this bear capitulation and reversal day? Maybe a lower high is being formed?
ReplyDeleteJack
As long as MA20 on SPX daily chart holds then still is not the bear's time.
ReplyDelete