Thursday New Highs

Thursday's new highs, sorted by industry, page 1.


Page 2.

The high volume advancers from the relative strength list


The high volume decliners. The lower number of new highs, along with the inv=crease in the ratio of decliners to advancers, makes today's rally somewhat suspect, although I would not draw too much from that.

A couple of days ago I had added up the volume from the heaviest traded stocks on the NYSE (AIG, C, FNM, and FRE) and noticed that they added up to more than the NYSE composite volume. I asked what I thought might be a dumb question about why they didn't add up, and it turns out it was a dumb question. Denninger inadvertently answered it later that day by linking up to the NYSE home page, where total NYSE volume is listed. I don't know exactly how NYSE
composite volume is computed, but it excludes volume for ETFs, which is a substantial potion of NYSE total volume. So I should have compared them to total NYSE volume.

I also have a winner for idiot of the week, but probably won't have time to do it tonight.