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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.

Percent of NYSE Issues Declining on Big Down Days

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