Note from Brett Steenbarger, at TraderFeed, on current money flow patterns.
Money Flow: Fewer Sellers, But Still No Influx of Buyers
Excerpt: "In my last post, we saw evidence of resilience in the price behavior of smaller cap stocks. I suggested that such resilience can be part of a longer-term bottoming process. Another part of bottoming is seeing an increase in the funds being put to work in the stock market. That is the function of the money flow indicator, which tracks the dollar volume entering or exiting stocks on a daily basis. It does this by tracking every single market transaction in every stock, adding the dollar volume (price times volume) to a cumulative total if the transaction occurs on an uptick and subtracting it from the total if the transaction occurs on a downtick.
…As much as I’ve been impressed with the resilience of many stock market sectors and styles, I will need to see more evidence of positive flows before concluding that we are out of bearish woods." Full article here.
Note: Please ignore the 48-delay box. There’s no delay for these articles. Comments and blogroll available at the backup site. – Ilene
