Are Institutional Investors in Accumulation or Distribution?
The simple answer is that the are in Accumulation.
However ... at the same time, their level of Accumulation is lower than the start of the market's rise that began last November. See today's chart below which show's the NYA Index versus the Institutional Accumulation levels.
This says that Institutional Investors are not in agreement with the market since they are showing a decrease in Accumulation
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