Thursday, December 17, 2009

Citi leaves an impact on Volume and the TRIN

Citi had a secondary offering today that threw the volume of the NYSE into a tizzy and also affected the TRIN.  The following two charts were taken within about 10 minutes of each other. Note the Citi volume (circled on left), then in the middle you'll see hourly volume of the NYSE, a phenomenal amount for the first hour (red bars).



Not long after this an adjustment was made to the volume from +2 billion to -2 billion shares. It's reflected in the red down candle. But what is not lost has been the effect this has had on the $TRIN (3rd chart down)




The TRIN (circled) went waaay out of kilter.