Friday, October 2nd. - Stock Trends, Charts, and Commentary (***If you see last week's Wednesday Update: Click Here)
Are Institutional Investors selling?
Actually, they are still in distribution, but what has changed is their selling trend. If you look at the chart below, you can see that their selling activity is now in a down trend.
A down trend in Selling does not mean they are Buying, while it does mean that they are reducing market pressure. If they move to Accumulation, then that would favor the market upside. For now, market pressure is less, but Institutional Investors are still in Distribution.
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