Dec
16

Distribution

spy_010

 

trin_013

SPY is at the top of the trading range. If you look at $TRIN, there is no reason to buy stocks right now. I’m not selling my few holdings, but I’m not adding positions. $TRIN has been pegged above 1 the last three days. Don’t let the market being up a touch fool you into thinking that there isn’t distribution going on.

RedditFacebookStumbleuponDiggDel.icio.us Posted by Charts and Coffee Uncategorized Subscribe to RSS feed
  • Dave
    Can you explain what the distribution is in this statement?

    "Don’t let the market being up a touch fool you into thinking that there isn’t distribution going on."
  • Nothing more than 3 days straight of TRIN being pegged north of 1 and the last two days being pegged above 1.3.
  • nils1
    Hello


    Can you please address a educational topic about TRIN?
    Thx

    A fan
  • I use the TRIN and TICK indicators intraday to determine the strength of the market. They are both simple indicators to understand.

    Read the content provided in this link. This website did a good job in providing a summary of both TRIN and TICK.

    http://daily-stocks.netfirms.com/trinandtick.htm
blog comments powered by Disqus
Disclaimer: This blog does not and is not intended to provide financial advice of any kind. Any commentary used on this page is for purposes of discussion only. You should not construe anything on Charts and Coffee as recommendations to buy or sell securities and you should not construe anything on this page as legal, tax, investment, financial or any other type of advice. Nothing contained on this page constitutes a solicitation, recommendation, promotion, endorsement, encouragement or offer to buy or sell (whether it is securities or otherwise) by Charts and Coffee, its owners, representatives or agents.