When I looked at the Wall St. Journal data, I was a flake surprised to encounter that coin flows into the Dow Jones Industrial stocks were positive on Friday, despite our motion to novel toll lows. I as well as then calculated my ain numbers as well as establish the same thing. Indeed, every bit we've moved lower over the concluding few days, we've genuinely seen positive dollar book into the Dow stocks (see nautical chart above).
I even thus was skeptical, thus I examined coin flows for each Dow stock over the by week. Interestingly, entirely thirteen of the stocks showed dollar inflows as well as 17 displayed outflows. The overall seat out was positive because of unusually large dollar inflows into a few stocks: approximately notably GE, C, JPM, PFE, as well as T on Friday.
One 24-hour interval does non a tendency brand and, every bit my upcoming indicator review volition note, the recent weakness has rendered meaningful technical impairment to this market. Still, I uncovering it interesting that large marketplace participants were lifting offers for such weak stocks every bit GE, C, as well as JPM inwards the wake of the passage of the rescue program.
.
No comments:
Post a Comment