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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) 1 916 708 2

The following table contains data on market advances and declines.

Market advances and declines

Day Advances (in millions) Declines (in millions)
1 916 708
2 657 1,003
3 719 799
4 514 978
5 507 1,042
6 952 714
7 1,015 611
8 913 730
9 860 738
10 776 776

a.

Calculate cumulative breadth. (Enter your answers in millions. Negative amounts 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.
Bullish
Bearish

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