HEAVY MONEY FLOWS IN QUANTUM COMPUTING STOCKS, BLIND MONEY SAVES THE MARKET, BITCOIN OUTFLOWS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Money Flows
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows that in the early morning yesterday the momo crowd was extremely aggressively buying.
- The chart shows selling came in the stock market after the regular session started yesterday.
- In the late afternoon yesterday, the chart shows heavy blind money buying, as is their pattern. Blind money is the money that flows into the stock market on the first two days of the month without any analysis or regard for market conditions.
January 3, 2025