• 667 days Will The ECB Continue To Hike Rates?
  • 667 days Forbes: Aramco Remains Largest Company In The Middle East
  • 669 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,069 days Could Crypto Overtake Traditional Investment?
  • 1,074 days Americans Still Quitting Jobs At Record Pace
  • 1,076 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,079 days Is The Dollar Too Strong?
  • 1,079 days Big Tech Disappoints Investors on Earnings Calls
  • 1,080 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,082 days China Is Quietly Trying To Distance Itself From Russia
  • 1,082 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,086 days Crypto Investors Won Big In 2021
  • 1,086 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,087 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,089 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,090 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,093 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,094 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,094 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,096 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…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

The Upcoming 'Wall of Worry' Resistance Line...

You often hear us talk about the Institutional Index of "core holdings" and their importance to the market. The market follows the direction of the "core holdings" due to the massiveness of capital and volume involved. The remaining part of the market cannot keep the market going up if Institutional investors decide to go into Distribution. (Currently, they remain in Accumulation.)

Today's chart show's a four year trending picture of what the Institutional Index has been doing. And today, I would like to specifically point out the "black" rising trend line. The Institutional index has not risen to that level yet, but the current bias is supporting the extra movement to that level.

The "black", rising resistance line shown is special on the Institutional index. Special, because historically, that particular line pattern has been associated with the market rising and the Press commenting on how the stock market had been "Climbing a Wall of Worry" ... terminology that you probably have not heard in a long time.

We are not there yet, but if we do see the Institutional Index crawl up just below that black resistance line, you will start hearing the Press using the "Climbing a Wall of Worry" terminology once again. In the past, it was not unusual to see the Institutional Index continue its up trend while hugging the bottom of the rising resistance line. (Chart reference: This chart is updated every morning on our paid subscriber sites and can be found as the first chart in Section 1 ... there are 5 Sections with charts posted daily.)

Institutional Index of Core Holdings

 

Back to homepage

Leave a comment

Leave a comment