Benkea,
>>>> Didn't Trim Tabs put out a sell rec at the beginning of the week due to inflows and pending huge $ worth of initial offerings? <<<<
Thats what I heard MARIA B. say on CNBC. Not that I respect her reporting, but at least she did report this negative and not only the positives.
In the past the average weekly inflows per AMG DATA was in the 2-3 BILLION range, and that was quite consistent during this TRADING RANGE TREND since APRIL. I also recalled spurts of inflows which was good enough to fuel the DOW for a hundreds of points but the inflows never continued to rise, it just had spurts. In OCT I recall that TRIM TABs said that there were 30 BILLION and AMG 20 BILLION in inflows, which obviously fueled the recent rally. My position is that if we head back to the 2-3 BILLION per week range, then that just helps confirm that we are back in only a trading range and that some selling should resume.
I hear over and over that there is plenty of money on the sidelines, and I just cant find anything concrete to substantiate it, besides words. Many state that we have the regular IRA money, so could that be the majority of the 2-3 BILLION? I do believe that most feel that the average investor, not SI investors, never did really sell. The ones who really sold were the traders, mutual funds, foreign investors, if it wasnt J6P.
Im not saying for sure that there isnt alot of money on the sidelines, just that I cant find anything concrete to support it.
Another factor is that if there is alot of money on the sidelines, there is no 100% guarrantee that it will come into the U.S.Equity market. It could go to JAPAN, or EUROPE, or U.S.BONDS or foreign bonds.
EDIT: If the news is good this morning, lets see how high the market moves up. There may be a limit to the upside due to limits in the money flow. Heck if I know.
seeya |
