488 out of 500 up on Friday

[joe4422]

488 of the SandP 500 stocks were up on Friday, and only 12 down. Is this bearish or bullish?

 

[erierambler]

are you sure it is 488 up?

http://www.indexindicators.com/charts/sp500-vs-sp500-stocks-new-highs-new-lows-params-3m-x-x-x/

erie

 

[tmarket]

OP is looking at SP500 advances, not new highs, some would look at SP500 advances-declines (A-D), see below:

S&P 500
9/24/2010 00:00
2.12%
A-D 448


http://www.stock-charts-analysis.com/

 

[joe4422]

No, on Friday, 488 of the stocks in the SandP500 ended the day up.

 

[joe4422]

And that means up from the previous close, in other words, they closed higher of Friday than they did on Thursday.

 

[stock777]

what about it. mkt huge correlation these days. bots .

get with the program.

 

[joe4422]

I'm just asking. Would you consider that a sign of over bought, or a bullish sign.

 

[kashirin]

Quote from joe4422:

I'm just asking. Would you consider that a sign of over bought, or a bullish sign.

that's a sign market is manipulated to insiders benefit and if you don't have insider info you will lose

although Monday is POMO day so must be up

 

[Logic]

A day-to-day change doesn't mean much - the stocks could've just as easily fallen by just as much the day before. You might be better off looking on a weekly scale if you want to use market performance to develop a bias.

 

[bone]

Joe4422:

$10,000 Cash at the O'Hare International Airport terminal of your choosing if any one of your annual trading statements for the past 18 years is bigger than mine.