Thursday, March 26, 2009

Things are looking better

Just some quick stats today using two-day old data (I hate having to manually update a database)

101 of 155 Industry Monitors industry groups are above their 50-day averages.
8 were above their 200-day averages

591 of 4962 common stocks were above their 200-day averages

84 stocks out of 2730 trading above $5 and averaging 0ver 200,000 shares per day are above their 50-day average which in turn is above their 200-day average

I won't get delusional here but these stats shows a decent chunk of the market is actually doing more than bouncing in a bear market.


Amalan said...

From the Nov 20 low, the SP500 rallied 24% to Jan 9, 2009. From the March 9 low, the market had rallied up to yesterday, March 26, for a gain of 24%. There are only 2 more trading days left for the month and quarter end, so I wonder if some would try to sell all the way to the end of the month to show some decent quarterly results.

Quick Takes Pro said...

I know we are thinking just that in my fund. We are up on the year and it sure helps with marketing to be able to say so.

Karlie said...

I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


Quick Takes Pro said...

Thanks Karlie!