A Glimmer of Hope?

By: Marty Chenard | Thu, Jul 8, 2010
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I often refer to what is happening to the Institutional Investor "core holdings".

When looked at as an index, it gives a superior view of what is happening in the markets. As I have pointed out in the past, this is because over 50% of the daily volume in the market comes from Institutional Investors.

Today's daily Institutional chart may be showing a "glimmer of hope". I say "may be showing" because it has not proven itself yet, but it is at a support point worth paying attention to.

This is day 3 of holding that support and an intra-day positive bias is tentatively trying to develop ... so we could see a short term respite from the market's dropping.

Institutional Index



Marty Chenard

Author: Marty Chenard

Marty Chenard
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Tel: 828-296-1200

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