Last week was an uneventful week in terms of institutional trader activity being detected.
Monday, June 18th 2012, shortly after 11:00 AM ET was the only institutional buying of the week. But even so, the buying was very lite. It was so lite that we are unable to detect what sector that institutional trading firm moved money into.
The institutional trader activity was detected minutes after news broke on Spain’s bonds soaring past 7%. Logic dictates then that if the news did indeed cause some small institutional trader activity, it was most likely a move out of Spain’s markets and into U.S. markets. Again, the buying was so lite that we are unable to detect which U.S. sector most of the money moved into.
Interestingly, we did not have institutional activity following the FOMC meeting on Wednesday. That tells us that there was no surprise there as institutional traders already priced in the extension of The Twist by the Federal Reserve.
Song: Risking It All
Album: Wall Street: Working On The Edge
Artist: Lance Jepsen
Available on iTunes Now At http://itunes.apple.com/us/album/wall-street-working-on-edge/id529290850