The TRIN for the Naz measures buying pressure vs. selling pressure. A high TRIN reading --
the 21 day m/a exceeds 1.5 -- shows a deep oversold. A low TRIN reading below .90 shows
the Naz is overbought. The market is overbought at present. $TRINQ
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!