I wanted to see if any of pros here could gleam any positives from Friday's action. The market was down from Monday to Thursday. Could a lot of institutions have thrown in the towel on Friday and did huge VWAP sell orders for the mega caps during the premarket and bought treasury bonds with the proceeds? I ask this because the advance decline ratio was very positive until after European close and lunchtime. I assume a big positive advance decline number is from manual buying of many stocks by fund managers. After European close and lunchtime, do these fund managers call it a week in terms of active buying? Then the computer driven VWAP orders that were in place at the start of the day are the sole source of movement which is downwards. The advance decline number dipped a bit into the close but still ended up positive 275 for the day while the major mega cap indexes took a major hit.
In total, did you see positive divergences on Friday? I shorted the VXX, so I am red now.
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