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Seth Golden posted an update 6 years ago
Smart Money Index can be leading indicator for S&P500, has collapsed. Index measures tendency for smart investors to sell into usual initial euphoria at mkt open & buy position back in 30 mins before close. Doesn’t work when BEARS begin to dominate market. (via SG)
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MarketWatch.com – Top Stories
- ‘She is single and has a low-wage job’: I want to give my daughter, who is in her 30s, $50,000 for retirement. What could go wrong? December 21, 2024“She can invest aggressively, as she has over two decades to see her principal grow.”
- I was laid off. I’m 43 and my husband is 35. I have $8,000 in credit-card debt and our mortgage is $1,600 a month. What do we do? December 21, 2024“We have been bringing in $60,000 a year for the last couple years, until this October, when I was laid off.”
- ‘I worked hard for my savings’: I’m 71 and a retired teacher. I want to give my kids money — but my daughter spends lavishly and my son is wealthy. December 21, 2024“I have been reading about the idea of giving your children money when they need it the most, rather than waiting until you die.”
Hi Seth, where can I find the smart money index indicator and how frequently is it updated? Is it worth monitoring daily?