The Dow changed direction three times between March 2024 and May 2024, as shown below. Groups of very large, seven figure block trades were observed during each change in direction. In the sample group of block trades under observation, two large cap tech stocks stood out. Since this sample group was relatively small, there may be other companies that fit this profile. Additional work will be needed to reveal any consistent patterns.
Stock chart courtesy of StockCharts.com.
