We are going to make this a "Free Member Courtesy day". That means that we will share one of the charts we post daily for our paid subscribers. Today's pick is the chart showing the Institutional Investor Net Buying and Selling trending.
Today's chart on Institutional NET Buying and Selling Volume levels ...
The chart below shows the net trending of the daily Institutional Buying and Selling activity. To get the Net Number, we subtract the amount of Selling from the amount of Buying. The red and blue lines show the trend direction.
So what did Tuesday's close show?
It showed that Institutions where in a Selling trend from November 7th. to November 16th. On November 19th, they started a new Buying trend which was at a pivot point yesterday.
What does that mean? If you look at the chart, you can see that on November 27th, there was another similar pivot point where the two trend lines converged and a decision had to be made ... a decision to continue the net up trend in Buying, or to start a new Selling trend. The up tick on the next day showed that the answer was a continuation of Buying by Institutional Investors.
And yesterday left the trend lines converged similar to before which means that the next short term Buying or Selling decision has to be made by Institutional Investors by today or tomorrow the latest.
(FYI ... this chart is posted daily in Section 4 as Chart #7 in the Standard Subscriber Update section.)