Monday, June 2, 2008


Date: 06/02/08
Open: $54.58
High: $55.89
Low: $53.56
Close: $54.86
Volume: 2,413,015
Advances: 52
Advances >=4%: 8
Declines >=4%: 5
Daily Change: 0.303%
Dow: -1.06%
Nasdaq: -1.23%
S&P: -1.05%


Bill Luby said...

As someone who doesn't follow the IBD closely, I'd be interested in hearing your take on the implications of today's IBD divergence.

BTW, I have enjoyed your blog so much that I added you to my blogroll last week.



bhh said...

Hi Bill,
Thank you. Your blog has been part of my morning routine for some time and thus the kind words mean a lot.

The IBD is heavily weighted in energy right now and I think the divergence is easily atributed to that. I am not sure exactly how they calculate and weigh everything but there is a relative strength component layered over strong earnings and industry group strength so it does a fair job at adapting to market trends as it is rebalanced weekly.