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NYSE Composite Sentiment Report -
5/9/2008 The NYSE Composite index dropped -0.65% today. Losing issues topped advancing stocks by a margin of 6 to 5 (an A/D issues ratio of 0.85). The corresponding ratio for volume readings was characterized by a more negative sentiment, as losers topped winners by a higher margin of 7 to 4 (an A/D volume ratio of 0.57). This divergence (TRIN = 1.48) reveals that declining stocks were traded more actively than stocks from the advancing group. The average volume traded per declining stock was 13,749.29 M, compared an average volume per advancing stock of 9,303.96 M. The lowest A/D issues ratio of the session – a value of 0.22 - was noted around 9:30. By this time, the index had declined about -0.85%. The end-of-day data reveals a neutral market mood;
(Next day outlook is 100% mechanically calculated and is based on index reaction to similar market sentiment occurrences in history back to 1997) Copyright © 1997-2008 MarketVolume.com: You may not copy, distribute, transmit, display, perform, reproduce, publish, license, sublicense, create derivative works from, transfer or sell any of the Information.
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