Question

The following table contains data on market advances and declines. Market Advances and Declines Day Advances...

The following table contains data on market advances and declines.

Market Advances and Declines
Day Advances
(in millions)		 Declines
(in millions)
1 914 752
2 661 993
3 725 797
4 507 976
5 505 1,097
6 972 706
7 1,012 603
8 911 720
9 858 742
10 774 774


a. Calculate cumulative breadth. (Enter your answers in millions. Negative amounts should be indicated by a minus sign.)

Day Cumulative Breadth (in millions)
1
2
3
4
5
6
7
8
9
10


b. Is this technical signal bearish or bullish?

  • Bullish

  • Bearish

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Homework Answers

Answer #1

Answer a -

Formula are as follows, Cumulative Breadth = yesterday's cumulative breadth + today's net advances
Net Advances = Advances - Declines

Answer B - Tecnical singnal is bearish beacuse the cumulative breadth is negative consistently

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