Transports Underperforming on Up-Down Days in February
The major index market carpet shows the Dow Transports underperforming with its components showing more down days than up days in February. Since 31-Jan, the Trannies show -2 for net up days-down days for all components. This indicator counts the number of days each stock moves higher and then subtracts the number of days each moves lower during the specified time span. It is a breadth type indicator that measures the degree of participation.
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