10.05.2006

WE HAVE QUESTIONS


The markets finished green with DJIA+16, NAZ+15 and SPX+3.

On the NYSE, advancers beat decliners 2,223 to 1,045 or +1,178 - very bullish.

Up volume to Down volume closed at 1.1 BILL UP and 586Mill DOWN

The TRIN closed at 1.13- a bearish reading since the TRIN is defined as:

((adv issues/decl issues))/((volume of adv issues)/(volume of dec issues))

Just seems that with the advancers overwhelming the decliners, the volume should be lots heavier to the plus side but for whatever reason, no.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home