I have often commented how important the trending of the Institutional "core holdings" were. If you think about it ... here is a group that has millions of dollars available for research and who pick what they consider to be the best, strongest, and safest stocks to buy.
So the trending of their group of "core holdings" says more about what the market will do then most of the other indexes.
Today, we will show you a P&F Chart of the Institutional "core holdings" (it is posted everyday for our paid subscribers).
When you look at it (below), note that there was a down tick (last Friday, July 31st.) that had the P&F tick below its rising wedge area. The Institutional "core holdings" is now in between the above and below breaches of its rising wedge pattern. This is a very high risk place to be, so be very aware.
