Breadth Flush

  • Jason Goepfert

    Jason Goepfert

    Published: 2016-01-20 at 15:47:02 CDT

Markets are now entering "puke" territory, at least in terms of market breadth.

There have been over 1,228 securities on the NYSE that traded to a 52-week low, and it is rising rapidly. It reached 1,342 on August 24 and is getting close to 40% of all issues, a rarely-achieved level.

Even more notable, the Up Volume Ratio on the NYSE is only 3%, meaning that 97% of all volume traded today is in declining stocks. The 10-day average of that figure stands at 26%, if we close as badly as we are now.

Since 1940, there have been only four days that saw an Up Volume Ratio at 5% or below with a 10-day average at 27% or below:

  • August 29, 1966
  • May 25, 1970
  • October 19, 1987
  • August 8, 2011

The average return over the next six months was +17.7%, with all of them being at least +14%.


Not ready to signup up for a free trial yet?

Signup for our Daily Lite email to receive highlights of our daily report, research and studies.

RSS Feed

Subscribe to the Blog RSS feed

Recent Blog Posts

As mentioned in...

Brought to you by:

Sundial Capital Research Logo