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Russell 2000 Sentiment Report -
5/9/2008 Previous trading day (5/8/2008) outlook: 58% Up and 42% Down. The Russell 2000 index advanced 0.07% today. Losing issues topped advancing stocks by a margin of 1 to 1 (an A/D issues ratio of 1.00). The corresponding ratio for volume readings was characterized by a similar sentiment, as losers topped winners by a margin of 1 to 1 (an A/D volume ratio of 0.91). The highest A/D issues (1.10) and volume ratios (0.90) were reached after the index had gained about 0.15% from its opening level around 10:50 EST. The session’s data tells us that market breadth was clearly neutral on this day;
(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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