Tuesday, February 12, 2008

Market Strong this Morning....

Dow +204
S&P +19
Nasdaq +24


NYSE Market Beadth Statistics (as of Noon)

Advances 2,438 (74%)
Declines 792 (24%)
Unchanged 67 (2%)

Up Volume 1,165 (85%)
Down Volume 202 (15%)

Unch. Volume 4 (0%)

New Hi's 46
New Lo's 69


The key stat to pay attention to is the Up Volume to Down Volume Ratio. A reading of 9-1 (90%) is historically very positive for the market. Two such readings within a 60 day period typically marks a turnaround in the market's direction.

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