High-risks, danger, and lots of turmoil ... and yet the Institutional Index
of "core holdings" has held its ground fairly well.
Of course, the core holding stocks are not ordinary stocks ... they are generally
higher priced blue chip quality stocks. The top 8 core holding stocks were
trading between $100 and $600 per share this morning. The bottom 8 were trading
at $5+ to $23 per share.
In terms of a Sector mix today, here is what some of their major sector interests
has been as a percentage of the total "core holdings".
What about plotting the Institutional "core holdings" as if it were an actual
index?
The next chart (see below) is a daily representation of the Institutional "core
holdings".
What happened yesterday? Answer: The Institutional index closed below its
neckline's support, but it also held its formation's support at the gray arrow.
That means it is in a "Danger Condition" where it NEEDS to have a higher close
today to avoid some very serious trouble.
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
StockTiming.com is dedicated to
Stock Market Investors who want the best information on stock charts, stock
market trends, stock market timing and technical analysis.
Be My Guest and Take Advantage of Our Free Membership ... Get a Free
Membership to StockTiming.com ... Youll receive important daily messages before
the market opens and direct links to todays important web pages. Information
and messages that are often not posted on our website. There is no obligation
or expectation on our part ... it is just our way of proving our accuracy and
timing expertise to you. Please click here for your Free
Membership.
Circle Us