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| If it can forcefully clear that 1345-50 level it will go up a hundred twenty points or so. |
Futures are up 8 points this morning on the back of GE earnings. Big move, big gap up day yesterday. Excellent breadth for the Index there were 424 components advancing and 55 components declining. On the NYSE 3,150 issues were traded with 2,527 advancing issues and 516 retreating issues, a ratio of 4.9 to one advancing. There were 198 new highs and 16 new lows. The five day moving average of New Highs is 88 while the five day moving average of New Lows is 22 and the ten day moving average of Net Advancing is -178.
Advancing volume was higher at a ratio of 3.34 to one. The closing TRIN was 1.75 and the final tick was 902. The five day average of TRIN is 1.55 and the ten day average of TRIN is 1.31. The NYSE Composite Index gained 1.51% today while the SPX gained 1.33%.
For the NYSE, relative to the previous 30 session average, volume was -.61% below the average. Of the last 15 sessions 3 sessions ended with volume greater than the previous rolling 30 day average volume. Of the last 30 sessions, 18 sessions ended on a positive tick, 4 of last 10. For the SPX, the day's volume was 106.6% of the average daily volume for the last year. Volume was 116.7% of the last 10 day average and 114% of the previous day’s volume.
Once again great breadth statistics but the ten day average of Net Advancing is still solidly below zero and advancing volume did not keep pace with advancing issues.
Volume was a bit higher than Tuesday's but there really isn't much to see on the intraday volume pattern; volume was heavy at the open with the large gap but volume was mild the rest of the session as the indices just basically hung onto the overnight gains.
Advancing volume was higher at a ratio of 3.34 to one. The closing TRIN was 1.75 and the final tick was 902. The five day average of TRIN is 1.55 and the ten day average of TRIN is 1.31. The NYSE Composite Index gained 1.51% today while the SPX gained 1.33%.
For the NYSE, relative to the previous 30 session average, volume was -.61% below the average. Of the last 15 sessions 3 sessions ended with volume greater than the previous rolling 30 day average volume. Of the last 30 sessions, 18 sessions ended on a positive tick, 4 of last 10. For the SPX, the day's volume was 106.6% of the average daily volume for the last year. Volume was 116.7% of the last 10 day average and 114% of the previous day’s volume.
Once again great breadth statistics but the ten day average of Net Advancing is still solidly below zero and advancing volume did not keep pace with advancing issues.
Volume was a bit higher than Tuesday's but there really isn't much to see on the intraday volume pattern; volume was heavy at the open with the large gap but volume was mild the rest of the session as the indices just basically hung onto the overnight gains.
Yesterday's big gainers were Energy, Industrials and tech stocks. Financials, Health related and staples underperformed.
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