Friday, July 31, 2009

TRIN and S&P close up more than 1%

As expected, the S&P 500 did close above 983 as was suggested by this study discussed two days ago.

One notable, and odd occurrence today was the behavior of the TRIN vs the S&P. The TRIN closed up more than 1.5% while the S&P manged to close up 1%. In the past decade, we have seen this occur 58 times. In 44 of those cases (76%), the market was trading lower within the next three days.


Post a Comment