This blog is committed to the serious study and valid understanding of technical analysis and its objective application to stock selection, risk management and execution primarily in the context of trading stocks listed in the Philippine Stock Exchange (PSE).

Tuesday, January 29, 2008

DJIA, 1/28/08

PRICE AND VOLUME (DJIA)
Close: 12,383.89
Change: UP 176.72 (1.45%)
Volume: 684,279,872

MARKET BREADTH (NYSE)
Net adv/decl issues: +1,883
Net new highs/lows: -59
Net up/down vol: +2,941,961,565

Volume of DJIA components continue to contract during price advances, typical of a downtrending market. Net new lows corroborate broad bearish market sentiment.

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