13. Use the data from The Wall Street Journal in Figure 12.5 to calculate the trin ratio for the NASDAQ. Is the trin ratio bullish or bearish? 14. Calculate breadth for the NASDAQ using the data in Figure 12.5. Is the signal bullish or bearish? The breadth of the market is a measure of the extent to which movement in a market index is reflected widely in the price movements of all the stocks in the market. The most common measure of breadth is the spread between the number of stocks that advance and decline in price. If advances outnumber declines by a wide margin, then the market is viewed as being stronger because the rally is widespread. These numbers are reported in The Wall Street Journal (see Figure 12.5). Trading Diary: Volume, Advancers, Decliners Market Dairy Issues NYSE NASDAQ Advancing 1,242 936 Declining 1,742 2,128 Unchanged 60 76 Total 3,044 3,140 Share Volume Advancing 310,019,961 790,297,188 Declining 632,127,902 1,767,059,801 Unchanged Total 10,145,028 13,877,189 952,292,891 2,571,234,178 Figure 12.5 Market Diary Source: The Wall Street Journal Online, January 3, 2019.