Still no fire power from the Buy Programs.
Though we are looking to go long, simply because the market is oversold, the Sell Programs are still dominating.
Neither lift in the S&P were accompanied by substantive Program Buying but the 2nd run down which coincided with a massive pop in Crude, saw the Sell Programs kick in.
The net effect of the Sell Programs was an increase in supply. This, we know from the basic economics of Supply & Demand, pushes Price down.
Hope that you find this interesting.
Though we are looking to go long, simply because the market is oversold, the Sell Programs are still dominating.
Neither lift in the S&P were accompanied by substantive Program Buying but the 2nd run down which coincided with a massive pop in Crude, saw the Sell Programs kick in.
The net effect of the Sell Programs was an increase in supply. This, we know from the basic economics of Supply & Demand, pushes Price down.
Hope that you find this interesting.
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