Double Negative Divergences From Institutional Investors?

By: Marty Chenard | Wed, Oct 30, 2013
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Last week's chart showed a NYA Index spike above the upper Bollinger Band. The NYA Index pulled back, and yesterday, it went back above last Tuesday's intra-day high of 10,083.46. This time, the NYA Index was below its Bollinger so that was a positive. But, lurking below this positive may be a negative coming from Institutional Investors as seen below.

Below is our Institutional Investor daily Buying and Selling activity chart. Yesterday, the Institutional Buying had a small down tick and the Institutional Selling had a small up tick. Institutional Investors were in Accumulation.

However, there is something I want to point out on this chart today ... If you look at the daily amount of Buying and Selling by Institutions, the lines show that there is a negative divergence on the Buying and on the Selling activity. This concerns me, because it puts Institutions in a position where their selling programs could be triggered.

NYA Index versus Institutional Buying and Selling Chart

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
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Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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