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On the heels of what has been a wild few weeks of trading, here is a stunning look at what the “smart money” is doing.
Smart Money Dumping Stocks At Near Record PaceApril 20 (King World News) – Here is a portion of an extremely important note from Jason Goepfert at SentimenTrader: “In the March 23 report, we looked at a potentially negative development related to “smart money” traders. At the time, an index that tracks late-day buying had collapsed to a 52-week low while the major stock indexes were still holding above their own lows.
That report looked at the Smart Money Flow Index as calculated by Bloomberg. This is different than the Smart Money Index we post to the site, which is itself different than the Smart Money Confidence. That’s a confusing mix of indicators with similar names, this being the difference:
The SMFI is getting a bit of attention thanks to a mention on CNBC. While indexes like the S&P are not too far off their highs, the collapse in the SMFI has pushed it more than 18% below its own high. Prior to 1982, the data isn’t very reliable, so data since then are shown in the chart below. The red bars show how far the SMFI is from its 52-week high..."
at https://kingworldnews.com/alert-a-stunning-look-at-what-the-smart-money-is-doing-right-now/