Home   |   Contact Us   |   About   |   [ Sign In ]

ETF Newsletter
Technical Talk
ETF Basics
Q & A
 ETF Rankings
Price Breadth
Volume Breadth
High-Low Breadth
McClellan Breadth
McClellan Volume
 ETF Charts
by Category
by Family
Most Active

ETF Investment Outlook RSS feed
Subscribe to ETF Investment Outlook at My Yahoo!
Subscribe to ETF Investment Outlook at Google
Subscribe to ETF Investment Outlook at Bloglines
Add  ETF Investment Outlook to Newsgator

Technical Talk

<< Previous | Next >>

Breadth Surge Reverses

By Arthur B. Hill - Tue 23-Sep-08 2:45 PM EDT

Breadth surged (positive) on Thursday with AD Net% for the Consumer Discretionary SPDR (XLY) exceeding +90%. AD Volume Net% for the Financials SPDR (XLF), Utilities SPDR (XLU) and Healthcare SPDR (XLV) exceeded +80% in what was viewed as a powerful advance. The table below shows Thursday's positive surge for all nine sectors. The average for the nine sectors was +78.9.

Breadth did an about-face on Monday. AD Net% for the Technology SPDR (XLK), Consumer Discretionary SPDR (XLY) and Industrials SPDR (XLI) dipped below 90%. In addition, AD Net% for five other sectors dipped below 80%. The Energy SPDR (XLE) held up the best, but AD Net% still finished at 43.6%. The average for the nine sectors was -83.6 (versus +78.9 on Monday). It is clear that Monday's selling pressure was stronger than Thursday's buying pressure. In effect, Monday's bad breadth day negates Thursday good breadth day and the market breadth is back in bear mode.


<< Previous | Next >>

    Copyright © 2006 TD Trader. All Rights Reserved. (0.021) | Link Partners Legal | Privacy