Tuesday, October 23, 2012
Breadth of Todays Decline Wasn't that Bad
Considering that the S&P 500 was down 1.4% today and that futures were off hard this morning, the breadth of today's decline could have been worse. 72% of NYSE issues declined on the day and only 61% of the NASDAQ was down. For comparison, below is a list of all the days this year that the S&P 500 has fallen by 1% or more and the breadth of the decline on those days. On average 80% of individual issues posted declines on big down days.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.