• 747 days Will The ECB Continue To Hike Rates?
  • 747 days Forbes: Aramco Remains Largest Company In The Middle East
  • 749 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,149 days Could Crypto Overtake Traditional Investment?
  • 1,154 days Americans Still Quitting Jobs At Record Pace
  • 1,156 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,159 days Is The Dollar Too Strong?
  • 1,159 days Big Tech Disappoints Investors on Earnings Calls
  • 1,160 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,162 days China Is Quietly Trying To Distance Itself From Russia
  • 1,162 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,166 days Crypto Investors Won Big In 2021
  • 1,166 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,167 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,169 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,170 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,173 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,174 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,174 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,176 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

Here is Where You Need to Pay Careful Attention

This past Tuesday, our update was entitled "Is there such a thing as a "lead dog" index?"

We won't repeat that discussion and overview, because you can still read it at this link: Lead Dog.

Tuesday's chart showed a 4 month trending pattern view of the Institutional Index. Today, we will expand that time period and discuss a 16 month chart and the LONG term pattern it is showing.

Some investors are thinking that we have now entered a new Bear Market condition.

The Institutional Index is not saying that. It is saying that we are very CLOSE to such a condition, but not there yet.

Today's chart tell's you why ...

What is noticeable first, is that the daily chart of the Institutional Index of "Core Holdings" fell below its primary support line on January 22nd.

It then tested and held its secondary support line on February 5th. That secondary support line defined the new Bull market that started in early 2009.

So now, the Index is still above the second support ... but also in a short term technical down trend because it has made lower/highs and lower/lows.

Bottom Line: We are at an important testing and pivot point for the market ... the second most important point since last April.

Here is where investors need to pay close attention to what happens to the Institutional Index of "core holdings" held by Institutional Investors. (Institutional Investors are responsible for over 50% of the volume on any given day.)

 

Back to homepage

Leave a comment

Leave a comment