The Hedge Funds Weblog
End Of Quarter Dance
The action we are seeing in the US market is good old fashion window dressing.And what is Window dressing, its when funds buy stocks that have been winners and sell losers.
Why in the world would anyone need to do that in modern times at the end of each Quarter. Maybe because Money is not as smart as it looks from the outside.
As a trader I shake my head at it every Quarter. But there they go one more time.
Then the Money invested in the funds see the stocks they are holding .And say to the managers good job..
Gold is still in a Weekly sell , the dollar still in a Weekly buy.
Oil is in Weekly sell from last week.
So is the US ten year note.
Tuesday I will post the weekly Numbers. Tonight I am posting a daily chart I use for trading..it has my overbought/sold system under the Open high low close index chart.
Here we go:
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