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Advance-Decline Data
The Advance-Decline data also known as AD data are calculated to show the number of advancing and declining stocks and traded volume associated with these stocks within a market index, stock market exchange or any basket of stocks with purpose of analysis of the sentiment within the analysed group of stocks. Advance-Decline data are used to measure overall market breadth as well as to measure sentiment within the stock market sectors. First time Advance-Decline data were calculated and analyzed back in 1926 by Colonel Leonard Ayres, an economist and market analyst at the Cleveland Trust Company. Later James Hughes pioneered the "''Market Breadth Statistics''". In 1931 ''Barron's'' started to publish Advance-Decline numbers. Advance-Decline data analysis remained in shadow until the early 1960s when Richard Russell (Dow Theory) started to use them in his ''"Dow Theory Letters"'' and Joseph Granville used them in his ''"Granville Market Letter"''. Advancing and Declining stocks. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Russell (Dow Theory)
Richard Lion Russell (July 22, 1924 – November 21, 2015) was an American writer on finance. Life and career Russell was born in New York, the son of Hortense (Lion) Russell, a novelist, and Henry Harold Russell, a civil engineer. His family was Jewish. Russell was educated at Rutgers and received his BA at NYU. He flew as a combat bombardier on B-25 Mitchell bombers with the 12th Air Force during World War II. He began publishing a newsletter called the '' Dow Theory Letters'' in 1958. The ''Letters'' covered his views on the stock market and the precious metal markets. After Russell's passing, the letters continue market coverage by associated analysts. In addition he frequently shared episodes in his life and thoughts about the world as he saw it, following the stock market since the 1950s. Stock analyst Robert Prechter wrote in his 1997 book: “Russell has made many exceptional market calls. He recommended gold stocks in 1960, called the top of the great bull market in st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph Granville
Joseph Ensign Granville (August 20, 1923 – September 7, 2013), often called Joe Granville, was a financial writer and investment seminar speaker. He is most famous for inventing and developing the concept of "On-balance volume (OBV)". Granville argued that when volume increases sharply without a significant change in a stock's price, the price will eventually increase rapidly, and vice versa. On balance volume is thus one tool of technical analysis that attempts to predict future prices of stocks, commodities, and other financial assets traded on financial markets for which historical price and volume information is available. Granville published a popular financial newsletter called The Granville Market Letter from 1963 until shortly before his death in 2013, appeared frequently on television programs such as CNBC, and gave seminars nationwide.Nikolaj Gammeltoft, Bloomberg, September 9, 201Joe Granville, Whose Bearish Calls Moved Stocks, Dies at 90/ref> Granville is probably ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TRIN (finance)
The TRIN, or Arms index, developed by Richard Arms in the 1970s, is a short-term technical analysis stock market trading indicator based on the Advance-Decline Data. The name is short for TRading INdex. The index is calculated as follows: :TRIN = \frac A value below 1 usually indicates bullish sentiment, and a value above 1 – bearish. A reading reaching 1.5 is very bearish. The index was introduced by Richard Arms, and is continuously displayed during trading hours, among other indices, on the New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...'s central wall display for the stocks traded on that exchange. The denominator of the index is calculated based on number of shares traded, not their dollar value. Therefore, a highly traded stock with a low ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |