On a particular day, there were 920 stocks which advanced on the NYSE and 723 which declined. The volume in advancing issues was 80,846,000 and the volume in declining issues was 70,397,000. The trin ratio is and technical analysts are likely to be .

A. 0.90, bullish
B. 0.90, bearish
C. 1.11, bullish
D.1.11, bearish

D

Explanation:

In this question, we are asked to calculate the TRIN ratio and also give a prediction

we proceed as follows;

Number of Advanced Stocks = N1 = 920,

Number of Declined Stocks = N2 = 723,

Volume in Advancing Issues = V1 = 80846000

Volume in Declining Issues = V2 = 703970000

Mathematically, the Arms Index (TRIN Ratio) = [(N1/N2) / (V1/V2)] = [(920/723) / (80846000/70397000)] = 1.108 ~ 1.11

A TRIN Ratio of above 1 is consdiered to be bearish and one below 1 is considered to be bullish. Therefore, if the TRIN Ratio is 1.11 the the market is bearish in nature.

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