• 760 days Will The ECB Continue To Hike Rates?
  • 761 days Forbes: Aramco Remains Largest Company In The Middle East
  • 762 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,162 days Could Crypto Overtake Traditional Investment?
  • 1,167 days Americans Still Quitting Jobs At Record Pace
  • 1,169 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,172 days Is The Dollar Too Strong?
  • 1,172 days Big Tech Disappoints Investors on Earnings Calls
  • 1,173 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,175 days China Is Quietly Trying To Distance Itself From Russia
  • 1,175 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,179 days Crypto Investors Won Big In 2021
  • 1,179 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,180 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,182 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,183 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,186 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,187 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,187 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,189 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Institutions Were Noncommittal this Morning, But Watch the VIX ...

I delayed our update this morning so we could see what the Institutional investor action is at the open today.

It is now 10:43 AM and here is what it is showing:

1. The 60 minute Institutional Index of "core holdings" broke out of its Down trend in mid July.

2. It then spent 3 weeks in a sideways trading range and broke to the upside last Friday.

3. This week, it fell back into the trading range.

4. Yesterday, the index moved up to test the trading range's upper resistance line and failed to move above it.

Today's Update:

This morning from 9:30 AM to 10:43 AM, the index has remained quiet and neutral with the MACD moving sideways as seen on today's chart.

It is option's expiration day today, and as you saw on yesterday's update, the VIX is poised to have a breakout sometime today or Monday.

I don't expect the Institutional index to remain quiet all day, so keep an eye on the VIX (per yesterday's update: Thursday) for directional clues this afternoon.

 

Back to homepage

Leave a comment

Leave a comment