15 September 2019
Posted in
sentix Weekly
The smart money is still holding back
While the US equity market, measured by the S&P 500, is already close to its all-time high again, "smart" large-scale investors have so far been very reluctant to buy. This is measured by the “Smart Money Flow Index”. Noteworthy in this index are divergences from the price trend. Thus, the SMFI fell significantly from spring onwards before the downturn in Q4 2018. There is also a (small) divergence at the current edge. The basic confidence is apparently lacking.
Click here for the full report (requires a sentix registration)