Hey KPers, we actually got to see green arrows today! For help to interpret these #s this message may helphttp://boards.fool.com/Message.asp?mid=14622097VolumeNYSEM 1210 million light-moderateT 1373 million-moderateW 1434 million-moderateTH 1338 million-moderateF NASDAQ M 1808 million lightT 2535 million-heavyW 2409 million-heavyTH 2292 million-moderateFAdvance/Decline:NYSE M .63 1182/1861T .31 737/2356W 1.0 1522/1520TH 3.08 2309/749FNASDAQ M .37 1022/2724T .26 800/3012W .66 1488/2243TH 3.27 2860/872FNew Highs/New LowsNYSE M 87/49T 33/158!(suddenly the laggards have taken control)W 14/22TH 61/32FNASDAQ M 69/277T 20/612!W 26/529TH 40/123FTRINNYSE M 1.57 T 3.09W .45!THFNASDAQ M 1.54 T 3.70 WTH .13 The lowest TRIN in 52 weeks!F52 week range .17-11.17TICK COUNTNYSE M -615T 278W 213TH 1108F52 week range -1376- 1535NASDAQ -M -993 T -91W -796TH -241FMost Extreme Tick countNYSEW -676TH--82NAS W-893Th-120bearish 52 week range -1299- 1103VIXNYSE M 34.75T 39.33W 39.07TH 35.10F52 week range 18.06-41.99NASDAQ M 72.22T 75.12W 76.37TH 76.29F52 week range 59.96-78.96Put / Call Ratio: Equity Options M .67T .99W .75TH .59FPut / Call Ratio: Index Options M 2.10T 2.16W 1.04TH 1.07FCBOE Volatility indexM 34.75T 39.33W 39.07TH 34.98FNice rally today! We closed strong and dvancers led decliners 3 to 1. The TRIN is at a 52 week low on the NASDAQ, all signals point to the rally to spill over into to tomorrow. We are still in a bear market so keep that in mind, this could be a bear trap. Regardless it is nice to have a big upday for a change, enjoy it!
Hey KPers, I just had something to add. We need to be skeptical of these up days, so average in your postions cautiously. That being said the TRIN today ranged from.07-.56 on the NYSE and .10-.26 on the NAS. I have never heard of such low TRIN numbers, that is some large positions being bought in. So proceed with caution, but my God today was powerful! What a rally!Fool On,Peter
Though i'm glad to hear that the "TRIN" is looking good, I just have one question:What's a TRIN?Cheers,sunshine42
short-term trading index aka TRINThis evaluates buying and selling pressure. Specifically it measures the amount of volume going into advancing stocks versus the amount of volume going into declining issues. The formula is:TRIN=(#of advancing issues/# of declining issues)____________________________________________(upside volume/downside volume)A TRIN between .65 and .90 is a bullish sign for the short term. A reading below .65 is considered very bullish. A reading between .90 and 1.10 is considered neutral, any reading above 1.10 is bearish. TRIN can be used to help time your purchases. Example-if TRIN is bullish you might want to place your "ask" slightly above the "bid". If the TRIN is bearish you might wish to place market orders as it is unlikely you will receive a better price by waiting.as of today, March 24 the TRIN is .55 for the NYSE and 1.46 for the NASDAQ.TRIN works best when combined with the New High-New Low index. If TRIN becomes oversold while NH-NL reaches a new low it shows the bears are strong. If TRIN becomes overbought but NH-NL rises to a new high, it shows strong leadership in bulls and the uptrend is likely to continue.
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