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The following table contains data on market advances and declines. Market advances and declines Day Advances (in millions) Declines (in millions) 1 906 704 2

The following table contains data on market advances and declines.

Market advances and declines

Day

Advances

(in millions)

Declines

(in millions)

1

906

704

2

653

986

3

721

789

4

503

968

5

497

1095

6

970

702

7

1002

609

8

903

722

9

850

748

10

766

766

a.

Calculate cumulative breadth. (Enter your answers in millions. Negative values should be indicated by a minus sign.)

Day

Cumulative

Breadth

(in millions)

1

2

3

4

5

6

7

8

9

10

b.

Whether this technical signal is bullish or bearish.

Bearish

Bullish

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