A signal of an internal change in the equity market’s strength

This is an annual view of the market internals.  It is a fiscal year chart running from Oct 1 through Sept 30.  It measures the change per day of the 24 day moving average in Issues and Volume on the NYSE.  Because of the excel set-up it presents itself in a backward fashion, with the most current point on the left side of the chart.  Each Oct 1 the chart resets to zero so you get a discreeet annual look at what is going on and the ability to compare years.  The downturn that is starting to show now should not be ignored.

Author: Thomas Connolly

Tom possesses a rich and diverse background that includes deep investing experience, senior corporate executive positions, and roles as a Regional Managing Partner and Global Industry Leader within Ernst & Young. He has advised executives on some of the largest acquisitions and dispositions in the Media and Entertainment industry, including clients such as Comcast, Citibank, Sony, Dalian Wanda and Publicis. Tom is a Certified Public Accountant with a Masters Degree from Columbia University. His skills are further accompanied by a personal passion for the study of economic trends and evolving market dynamics.

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