"It seems to show that the retail customer has walked away," Matt Maley from Miller Tabak told me. "The question is, why? Is it higher rates? Concerns about lockdowns? Or are they betting on March Madness?"but collapsed going into the close, down 33%. But only 23 million shares changed hands, well short of the 30-day average of 34 million shares.
Low volume on a big down day implies not a lot of owners interested in selling, but also not many buyers interested in purchasing, even with shares down over 30%.Is Cathie Wood the key? For the high-beta, high-growth, high-momentum crowd, watching Wood has been an obsession. Maley says the flagship Ark Innovation fund is now set up for a key technical test."The closing low for ARK was $110.26 on March 8th," he told me. It bounced nicely off of that, but has been trending down for the last week, Maley noted.
"It closed today at $114. If it drops below that $110 level, that will be very negative on a technical basis," with the trader noting that a "lower low" is usually a negative indicator.
Retail investors lose interest in CNBC after 800th time they push Hedge Funds agenda to scare them into selling over shorted companies...fixed that headline for you.
Fools! Lost of interest lmfao. It’s just more manipulation of the market by the new administration and the same old market makers (hedge funds). Nice try though...
Please.
It’s a rigged game. And individual investors can’t win.
jimcramer is ecstatic! He.Hates.Retail.Investors.
I’ve definitely lost interest, especially when the market feels like a true casino right now
Maybe because they figured out that the market is manipulated.
They have all most likely moved to Cypto
Thank god most ppl properly invested their stimmies and didnt get waylaid by the scammers of wsb and $gme $amc!
Ah yea tech losses. Yea forsure we’re going back to coal and log cabins therefore all the disruptive tech is now worthless my god the panic!
It’s bear season why should we put our money in the market. The last four years were great. Now vacation time. We’ll be back when someone in charge cares about the market.
hopefully this is the case so we can resume going back up LOL
Their portfolios that could only go up are now smoked. They probably have no liquid or in lots of margin debt. Hopefully they hodl for when this is over if they didn't panic sell already.
No shit, really? We were of the opinion that stocks only go up.
No way. Free trading and 24/7 Crypto isn’t going away. What happened was an implosion in the CallOptionBubble and the subsequent unwind. This is a buying opportunity for promising growth down 30% like $PRNT $ARKG. 👇
Fake news
I think This is the master plan of the market makers, shake all these new investors out before a bull run KunjanS3