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Consider the following market statistics: Day 1 2 3 4 Advances 1270 1260 1160 1320 Declines 860 940 840 1020 Volume Advancing 1500 1420 1800
Consider the following market statistics:
Day | 1 | 2 | 3 | 4 |
Advances | 1270 | 1260 | 1160 | 1320 |
Declines | 860 | 940 | 840 | 1020 |
Volume Advancing | 1500 | 1420 | 1800 | 1440 |
Volume Declining | 650 | 590 | 750 | 560 |
Yield on top-rated corporate bonds | 5.1% | 4.8% | 4.9% | 4.5% |
Yield on intermediate-grade corporate bonds | 4.4% | 4.2% | 4.4% | 4.1% |
Compute the following ratios/indices for each of the four days, and state whether these indicate a bullish or bearish signal:
a) The TRIN ratios.
b) The confidence index.
c) The market breadth.
d) The cumulative breadth.
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