Tuesday, July 26th. - Stock Trends, Charts, and Commentary (*** If you see last week's Update: Click Here)
Still holding on, but testing its trend line?
Since the Institutional Investors are the largest stock owner group (owing over half of the equity value), when they sell, they put tremendous downside pressure on the market.
When the don't sell, the lack of their selling takes pressure off of the market and allows it to go higher on retail buying (even if Institutions are buying very little).
So, what are they doing now? If you look at the chart below, Institutional Investors were still in a selling down trend (a positive) at the close yesterday which has been a market positive ... but note that the red Selling trend line will be testing the blue trend (resistance) line in the next few days.
You can become a Free StockTiming Member in less than 10 seconds ...
and receive important, free Stock Market email updates every Morning ...
To become a Free Member, simply enter your information and click on the "Free" button. You willreceive Daily Updates and Alert Notices every morning before the market opens. On other occasions, you will also be sent special links to important stock market information and/or studies.
Quick and Easy StockTiming.com Free Member Sign Up