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Stock buyback failures could herald a crash
The SPBUYUP index has not been shown in a published idea on Tradingview before now (I checked). It is the index which tells how much companies are buying back their own stock to keep the S&P500 afloat.
So if this fails, market 'manipulations' of the S&P500 could fail. Of course, this not the only thing that influences the S&P500 but it is a significant marker of influence or lack of it.
So if this fails, market 'manipulations' of the S&P500 could fail. Of course, this not the only thing that influences the S&P500 but it is a significant marker of influence or lack of it.
Note
Note
Buybacks continue to fail. Not a good sign. 
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.