ADT Broker Data AnalysisA very nice setup forming here! I'm just...

ADT Broker Data Analysis
A very nice setup forming here! I'm just watching for the channel break.

Let's look at the last month's broker data first.

Top buyers: UBS, Jefferies, JP Morgan


Top sellers: Goldman Sachs, IB, BTIG
Notable that the 4 major retail brokers are also among the sellers.



Now let's have a closer look at the accumulation/distribution dynamics to get a better picture:

Looking at the last year - top buyers are JP Morgan, UBS, and Canaccord.




Here are the top sellers.




Taking a separate look at retail brokers - CommSec and CMC Markets. There's a very notable pivot since Nov 2024 - essentially, retail investors are now selling more than buying. This means other investors - mostly professionals - are buying more than selling.




Here's another view showing combined accumulation by the 4 retail brokers (CommSec, AIEX, CMC Markets, WealthHub) - really shows that shift from buying to selling.




And here's the beautiful part - the combined accumulation chart for 7 investment banks (Citi, Goldman Sachs, Macquarie, Merrill Lynch, JP Morgan, Morgan Stanley, UBS) shows their holdings at a maximum for the last year.

Interestingly, while price has been in a sideways channel since November, investment banks have been actively accumulating.




This is a very positive sign for me. Timing-wise, I'm personally waiting for an upward break of the channel.

Bonus: Here's Morgans' view from Sept 2024. Likely to be updated very soon. TP 5.3.




DYOR.