The combination of higher volume and negative volume spread ratios tells us mutual funds, banks, hedge funds, and other institutions were in sell mode yesterday. (morpheustrading.com)
It follows that the results with the lowest Spread ratio — the highest skill — are prima facie most reliable and to be preferred. (climateaudit.org)
On the NYSE, the adv / dec volume spread ratio finished at negative 3.7 to 1, and was negative by just over 2 to 1 on the Nasdaq. (morpheustrading.com)