Monday, July 23, 2012
Another All or Nothing Day
While there is still plenty of time left in the trading day, the S&P 500 is currently on pace for its 20th all or nothing day of the year. We consider all or nothing days in the market to be days where the net daily A/D reading in the S&P 500 exceeds plus or minus 400.
After a slow start to the year, the pace of all or nothing days for the equity market has picked up moderately in recent weeks. At the current pace, the S&P 500 would see 36 all or nothing days in 2012. At this rate, it would be the fewest amount of all or nothing days since 2007, but the fifth most since 1990.
Posted by Bud Fox at 8:55 PM