Profunds index and sector trading

[hk2]

The TRIN is currently sitting at 1.36, which is downright freaky.

Usually at the top of uptrends you will see TRIN in the 0.40 - 0.60 range. Readings higher than 1.2 are usually associated with trend bottoms. Although in such cases as local bottoms, I would typically look for closing TRIN over 1.7 to signal such a bottom is near.

When I say that the current 1.36 is "freaky", I would without looking have thought the TRIN, after all of these up days, would have been much lower.

Distribution?