Posts tagged with NYSE
12 August 2011 - No ordinary selloff
Watching the panic pervade our market this week I was sorely tempted to pick up a few large cap stocks that were pushing pre-tax dividend yields of ~15%. In hindsight it might have been opportune to do so. Yet, I’m of the view that we haven’t seen the full extent of this unwind. Exhibit 1 [...]
8 April 2011 - China – ready to join the Union
We’ve been noting how breadth continues to contract on the NYSE – as the market seeks to overtake the most recent highs, it is once again being driven by fewer and fewer leaders (for background on breadth see here). To my way of thinking, weakening breadth is a reflection of progressively more companies bumping up against [...]
11 March 2011 - Market breadth continues its slide
The following chart is a thing of beauty… Okay, it’s no Swan Lake – but following on from our earlier note (here), it is uncanny how market breadth continues its graceful exit stage right. If the augers are keeping it real, then the current market weakness has a little further to run.
20 January 2011 - Equities running out of breadth?
Now isn’t that is a tagline to make an old media mogul smile – if they were of a mind to do so of course… Consider the following chart of the NYSE McClellan Summation Index. For the uninitiated, the summation index is a measure of market breadth. It looks at the number of stocks going up [...]