BAC’s clients were net sellers (-$2.2B) of US equities for the third week in a row... and are now net sellers on a YTD basis...
offset by a huge spike in BUYBACKS.
zh opines: “it's just a matter of days, if not hours, before hedge funds - whose prime brokers know with complete clarity about their extreme bearish positioning - are squeezed and push the broader market higher.”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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AAPL perfectly tagged its daily 55MA and weekly 10MA and weekly 20EMA. Usually I'd figure it'll go for a bounce here, but today's candlestick is big red and ugly, with heavy vol. We'll see.... no position.
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