Add Fidelity to that list (?)
Do you remember the last time we little retailers led the market, and the institutions had to "catch up."
No, I don't either...
This bull shall have legs. It's an uptrend day, stronger than I thought. I thought even it's an uptrend day it'd be very slow one but so far it's not.
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U.S. stocks soared on Monday, erasing May losses, after drugmaker Moderna announced positive, early results from its first human trial of its experimental Covid-19 vaccine, boosting hopes that the medical community was making progress against the coronavirus.
Risk assets also received a boost after Federal Reserve Chairman Jerome Powell on Sunday night struck a more upbeat tone on the U.S.’s growth prospects, while highlighting that the central bank still retained tools to limit the economic downturn.
Charts posted are not recommendations. They are just a sharing of information.
I monitor several of the BUY SIDE institutions' buying and selling over each quarter. (It's a manual process.) Since 9/30/19 through today, which is the most up-to-date data available to me, Vanguard has reduced their holdings by $229,493,000,000 which is roughly 8%. The big tell will be next quarter's data... patience is needed to ride this out before investing long term.
Premarket day trading is most lucrative now because that's when the FEDs are buying. (<=That's an opinion, not a fact!)
Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
If today is the start of a reversal we should see funds withdraw late in the day. I am selling at every peak from here on. RSI >70 on 1min. to participate on the late day sell off, if I am wrong I don't see any more squeeze all FOMO are all in and feel really good right about now.
Last edited by BullBear52x on Mon May 18, 2020 11:52 am, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Premarket demand started at about 7:40 am Eastern Time today. It was impressive.
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Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Back to what I felt at the start: Slow uptrend day at the best. Now the very first touch of EMA20, watch for buy setup. Also it means the uptrend of today is near over.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.