Quote of the Day: Bad Breadth

by Marty Mazorra CFP®, ChFC® Founder & Co-Chief Investment Officer

Speaking of bad breadth, just after posting this morning’s note I saw this from Bloomberg’s Andrew Cinko on the details:

“Why should Thursday be any different for stocks? The theme this week for equities is thin trading volume and terrible breadth behind any advance (as noted with the S&P 500 record on Tuesday). Today showcases those themes once again.

The Nasdaq 100 is in the green to the tune of 0.4%. But the internals are terrible: 41 stocks rising, 61 falling. Another way to express that point is to turn to the equal-weight Nasdaq 100 index, which is down 0.2%. The trillion dollar-plus club is making all the difference with Apple, Microsoft and Amazon leading the cap-weighted index. Level the playing field, however, and the true weakness shows itself.”

Share:

Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
Facebook Instagram
  • Private Wealth Advisors
  • © 2024 Private Wealth Advisors. All rights reserved.
  • PRIVACY POLICY

This website is a publication of Private Wealth Advisors. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author as of the date of publication and are subject to change. Information on this website does not involve the rendering of personalized investment advice, but is limited to the dissemination of general information on products and services. A professional advisor should be consulted before implementing any of the options presented. Information on this website is not an offer to buy or sell, or a solicitation of any offer to buy or sell the securities mentioned herein. Hyperlinks on this website are provided as a convenience and we disclaim any responsibility for information, services or products found on websites linked hereto. Private Wealth Advisors is registered as an investment adviser with the SEC, and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.