Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 14, 2024

On 10 March 2020, there were 1,296 stocks advanced on NYSE and 720 declined on NYSE. The volume in advancing issues was 76,030,400 and volume

On 10 March 2020, there were 1,296 stocks advanced on NYSE and 720 declined on NYSE. The volume in advancing issues was 76,030,400 and volume in declining issues was 46,360,000. a. What was the TRIN ratio for that day? (2 marks) b. Was it a bullish or bearish signal based on your answer? (1 mark) c. Did it correctly indicate the market sentiment? Please explain your answer. (2 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

13th edition

1285866304, 978-1285866307

Students also viewed these Accounting questions

Question

★★★★★

The PRS LLC was formed when Redbird, Inc., contributed cash of $2 million; Peacock, Inc., contributed land (adjusted basis of $600,000 and a fair market value of $2 million); and Sam contributed $1...

Answered: 1 week ago

Question

★★★★★

4. Investigate a volunteer opportunity within an area hospital or residential treatment center. Larger hospitals often have volunteer centers and allow some choice in the areas you work (e.g.,...

Answered: 1 week ago

Question

★★★★★

Sensitivity analysis Sensitivity analysis is an important component of any budgeting exercise. Which estimates do you think will be most crucial in developing a master budget? Why?

Answered: 1 week ago

Question

★★★★★

The Yates Corporation manufactures lamps, It has set up the following standards per finished unit for direct materials and direct manufacturing labor: (Click the icon to view the standards.) Assume...

Answered: 1 week ago

Question

★★★★★

Find the first quartile for this list of numbers 2 79 90 4 38 42 35 59 100 88 56 47 61 10 48

Answered: 1 week ago

Question

★★★★★

When conducting a review on any business, the first thing that needs to be completed is a SWOT Analysis (strengths, weaknesses, opportunities, and threats). This analysis helps a business know where...

Answered: 1 week ago

Question

★★★★★

. How did you accomplish your goals for this experience? 2. What did you learn about yourself through this experience? 3. Were your expectations for this experience realistic? Why or why not? 4. What...

Answered: 1 week ago

Question

★★★★★

Case study Towards the end of the 1990s the iconic British garment company Burberry was in trouble. For the financial year ending 31 March 1998, profits plunged from 62 million to 25 million. The...

Answered: 1 week ago

Question

★★★★★

Tiffany gives her friend Jeff the right to walk his black Labrador dog across her property to the beach every day, what kind of property rightdoes Jeff acquire?

Answered: 1 week ago

Question

★★★★★

Forecasted and actual sales are shown below. Week Forecast Actual 1234 1 720 749 2 810 915 3 640 762 4 660 706 Calculate the mean squared error (MSE). Note: Round your answer to 2 decimal places....

Answered: 1 week ago

Previous Question Next Question