Friday, October 24th. - Stock Trends, Charts, and Commentary (***If you see last week's Wednesday Update: Click Here)
Update on Institutional Investor activity ...
Today's updated Institutional chart shows you the action of their "core holdings" since this past March.
The not so good news is that the value of the Institutional "core holdings" have breached its rising channel so serious damage has been done.
Yesterday, marked the first day of up movement which was above the recent resistance line with a close slightly above it. At the end of today (Friday) the Institutional "core holdings" climbed a little higher.
A lot of Inflowing Liquidity came in on Thursday. What is most important is that it was trending higher, so the net bias in the market was positive even though market conditions are more mixed than anything.
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