stock market: This time, however, hardly anyone noticed, according to Market Watch. Why I am referring to what the late Martin Zweig, the investment newsletter editor and mutual fund manager, called a nine-to-one up day. CHAPEL HILL, N.C. — Friday stock market action was so strong that it triggered a buy signal from a technical indicator that used to have a wide following on Wall Street. Such a session occurs when up volume in stocks on the New York Stock Exchange leads down volume by at least a nine-to-one margin. It used to be that nine-to-one up days garnered significant notice on Wall Street, given the gauge impressive track record in predicting the future direction of the stock market. Friday ratio was even stronger, at 11.1-to-1, as the benchmark S&P 500 Index SPX, +2.48% surged 2.5%, helping stocks post a weekly gain.
(news.financializer.com). As
reported in the news.
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