The theory goes that trading done in the stock market early in the day is indicative of the eager and emotional “dumb money” reacting to…
Tagged Smart Money Index
ChOTD-7/16/14 Smart Money Index (First Hour/Last Hour Indicator): Trend Turning Similar To 2000, 2007?
Today’s ChOTD looks at an interesting indicator called the Smart Money Index (as coined by Jason Goepfert at Sentimentrader.com). The indicator tracks the timing of…