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Institutional Trader Selling Detected On The TICK

Institutional trader selling was detected on the TICK on Tuesday, March 10, 2015 and Wednesday, March 11, 2015.

The institutional trader selling was broadbased on March 10, 2015 but not on March 11, 2015. In fact, on March 11, institutional traders sprung a Bear Trap in the financials sector.

I think this is significant in that it suggests institutional traders are using more nasty than usual tactics. Consider institutional traders and money managers appearance in the mainstream financial media last week. They talked the market up, which they usually do. However, their trading desks were much more bearish than their lip-service.

An event they may have caused some institutional trader selling on March 10, 2015 was the JOLTS report released that same day. JOLTS showed hires decreased to 4.996 million in January from 5.239 million the prior month.

I think most of the institutional trader selling came on the heals of the Bank of America Card Survey report also released on March 10, 2015. B of A reported sluggish consumer spending in February. That's insane if you consider how much the mainstream financial media hyped the idea that lower gas prices was going to mean a boom for consumer spending. The B of A report last week solidified the idea that any hope of a boost in consumer spending from lower gas prices, is dead.

I talk more about this in the weekly show broadcast every Saturday evening on YouTube:

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.