Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
When I mention breadth, I am biased by my watch lists. The general market breadth will have many consumer staples, utilities and other such defensive areas so will be different than the universe I am looking at which is more “growthy” and “high beta” in general.
I have multiple watch lists but my main one which are of most interest is about 80 stocks at any one time. There are currently 2 of those 80 positive: Groupon (GRPN), Amazon.com (AMZN). That’s a horror show in terms of breadth
Apple (AAPL) is again holding up this puppy as dip buyers came in yet again to fill this morning’s gap down (mission accomplished) … Pavlovian response. But now that this gap is filled….
Disclosure Notice
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
