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)
Hi Seth, where can I find the smart money index indicator and how frequently is it updated? Is it worth monitoring daily?
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Finomgroup.com has many additional features to suit your daily trading and investing needs including single ticker stochastics, charts and daily ticker price quotes. Additionally, finomgroup.com has all your U.S. economic data of the week found using the Economic Data tab. As Seth like’s to say, “A good volatility trader is a good economist.”