The NYA Index is still showing that
this Institutional heavy index is struggling to advance while the NASDAQ and the
S&P moves higher. It improved slightly yesterday, and moved
back over its trading range's resistance line.
With Institutions
not embracing this up move like the average investor, you have to wonder why,
and wonder what happens when the average investor is fully invested if the
Institutions don't start buying on volume. Currently, Institutional
volume has been decreasing steadily on price up
moves.
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