Friday, May 14, 2010

Breadth Horrid

For a -2.2% day the breadth is horrific. I have multitudes of watch lists with not 1 green name (that is not an inverse ETF). Granted the Russell 2000 is -3% so the action is worse than the large caps indicate but generally you still have 5 to 10% of your stocks up, unless it's one of those -4%+ days.

On my lists, all I can find green are:

AsiaInfo Holdings (ASIA) +8% (for reasons I cannot find)
Dr Reddy's Laboratories (RDY) +0.3%
Silver Wheaton (SLW) +1.3%
Ryland Group (RYL) flat
Delta Air (DAL) +4.1%
Gymboree (GYMB) +0.4%

and a few gold miners

That's it... hundreds of stocks out there on these lists, and not even 2 hands worth of fingers in the green. Astounding.

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012