yuman

Morning and Afternoon Buyers

If the market rises in the morning, then again in later afternoon, the morning buyers, or the individual by the analysis, beats the institutions, who follow the morning crowd. The "dumb" money beats the "smart" money -- why is it call "smart" then?

Are Institutions Participating in the Rally?

To answer the question of the title, we need to look at the institutional ownership before and after the rally. If the ownership percentage remains or increases, we can conclude that the institutions participated.

Asset Class Correlations

DrBagel,
I think 10-Yr treasuries in the tables are measured in price, not yield. The dollar drops with short terms rates, while gold rises (-0.64), so do bond prices.

Three Themes I'm Tracking for Signs of a Reversal

Historically in the past 30 years, the trend reversal of financials and the general market have been in sync. Financials don't serve as an early warning for reversals.
Comparing the stock charts with MZM history, I notice that dropping growth of money precedes reversals. In years 2002 and 2003, the money growth rate dropped from 20% to 5%, foretelling a reversal in March 2003. Financials surged 30% in the following 12 months.