On Tuesday the TRIN closed at 3.93 which is an extremely high reading as since 1987 the TRIN has only had 27 other occurrences with a daily close above 3.0. My research shows that when the TRIN has closed above 3.0 this has been followed by a short term rally in the S&P 500 as shown by the table below. As you can see since 1987 there has only been once occurrence (11/15/1991) when the S&P 500 didn’t rally 1% or more within 5 days after the TRIN has risen above 3.0. Furthermore the average maximum gain over the 5 day period has been 4.3% while over a 10 day[...]
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[Source: The Money Blogs]
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