Advance/Decline Quotes
Advance/Decline Archive

S&P 500 Advance Decline Sentiment - November 2005 - On 11/11/2005, 278 stocks in the S&P 500 index belonged to the group of advancing issues while 214 were counted among the group of declining issues.

S&P 500 - November 2005 - We would also like to point out that this week's advance on the S&P 500 index was accompanied by high volume; in fact, Wednesday's and Thursday's average daily volume output exceeded the average volume generated over the past 30 days by 14% and 20%, respectively.

S&P 500 Sentiment- October 2005 - Noteworthy is also the fact that Friday's advance - even though it was very similar in magnitude to the rally seen on Monday - resulted in a less bullish market mood (as reflected by a comparison of the two sessions' Advance/Decline issues and the A/D volume ratios).

S&P 500 Advance Decline - October 2005 - Given the declines over the past three consecutive weeks, we can assign a strongly bearish market sentiment reading to this three-week span. During this time, the index generated several large volume surges, and it reached critically bearish sentiment readings on October 10, 2005.

S&P 500 Chart - October 2005 - Over the first three days of the week, trading take place under the spell of the negative market sentiment that had spilled over from the previous week. Thursday's session was neutral, and on Friday, market breadth turned bullish. Overall, we consider this week's market sentiment to have been negative.

S&P 500 - October 2005 - The S&P 500 index lost 2.67% this week. The last time we saw a decline of a similar magnitude was on June 24, 2005 when the S&P 500 index lost 2.08% for the week, and during the week of April 15, 2005, when the index lost 3.29% for the week.

S&P 500 Sentiment - September 2005 - It bears mentioning that the S&P 500's up-thrust on September 29 (where the index gained a respectable 0.88%) was not accompanied by particularly high volume. In fact, volume readings remained consistently near average levels throughout the entire week.

S&P 500 Advance Decline - September 2005 - The S&P 500 index ended the week with a loss of 1.82%. While a negative market sentiment prevailed up to and including Wednesday, market mood improved to a neutral reading over the last two days. Despite this, we still consider the weekly sentiment reading to have been negative.

S&P 500 Analysis - September 2005 - The S&P 500 index ended the week with a loss of 0.28%. We had one sessions with a negative sentiment, two with neutral readings, and two days showing a close to neutral market mood. Despite the S&P 500's advance of 0.65% on Friday, sentiment readings climb only slightly into positive territory; in fact, they ended the session close to neutral.

S&P 500 Chart - September 2005 - The S&P 500 index gained 1.92% this week. The bulk of this gain occurred on September 6 and on September 9, where the index added 1.26% and 0.79%, respectively.

S&P 500 Report - September 2005 - Of note is the high volume activity recorded on August 31. This session's daily volume exceeded the average daily volume of the ten preceding trading days by 25% (i.e., the 1/10 PVO equal 25.1%).

S&P 500 Report - August 2005 - Even though the index lost more than 1% this week, we did not witness any major (buying) volume surges over the course of the past five trading days. Only on Wednesday, August 24, did we see a volume surge forming over the last two and a half hours of trading. Yet despite this increase, volume activity for the day exceeded the average volume output for the previous 25 sessions by only 7.3%

S&P 500 Chart - August 2005 - For the week, the S&P 500 index lost 0.86%. The bulk of this loss occurred on August 16, when the index declined 1.17%. This day generated an extremely negative sentiment reading. Even though market mood remained largely neutral over the other four days, we still consider the overall weekly sentiment reading to be strongly negative.

S&P 500 Advance Decline - August 2005 - The S&P 500 index ended the week with a gain of 0.32%. We had two sessions with a positive sentiment, two with neutral readings, and one day showing a negative market mood. In summary, weekly sentiment could be considered neutral overall.

S&P 500 - August 2005 - The S&P 500 index produced a weekly loss of 0.65%, with the bulk of this shortfall occurring on Thursday and Friday. For the most part, the index traded predominantly sideways over the course of the first three days - and market sentiment remained at neutral levels. The only exception to this pattern occurred on Tuesday, where the S&P 500 gained 0.7% (although it did not achieve a strongly positive sentiment during that session).

S&P 500 A/D Report - July 2005 - Trading began on a neutral sentiment and remained at that level for the first three days. Then on Thursday, the index's gain of 0.56% boosted market mood into positive territory. On Friday, sentiment slipped clearly into negative territory, associated with the index's decline of 0.76% that day.

S&P 500 Analysis - July 2005 - The S&P 500 index ended the week with a gain of 0.46%. Market mood was mixed this week: a positive mood prevailed on Tuesday, Wednesday, and on Friday; negative sentiment dominated on Monday and Thursday.

S&P 500 Advance Decline Report - July 2005 - It is worth pointing out that on Thursday (July 14), we noted an extremely high (i.e., bullish) intraday market sentiment reading immediately after the opening. At this moment in the session, the Advance/Decline issues ratio was above 20.

S&P 500 Chart - July 2005 - The S&P 500 index ended the week with a strong gain of 1.45%, and we consider the week's average sentiment reading to be positive. We noted two days with positive readings (Tuesday and Friday), one with a negative reading (Thursday), as well as one showing a neutral market mood (Wednesday).

S&P 500 - July 2005 - Despite a large loss on Thursday (June 30), the S&P 500 index closed the week out with an overall gain of 0.24%. The week's average sentiment reading was neutral, as the index traded with a neutral market mood for a majority of the time (i.e., on three days). The week also produced one day with a positive and one session with a negative market sentiment.

S&P 500 Advance/Decline - June 2005 - The average volume seen on June 23 and 24 was about 4.8 M shares per minute. This represents an increase of about 26% over the average volume seen on June 20-22 (3.8 M shares per minute).

S&P 500 Chart - June 2005 - The last time the S&P 500 achieved a weekly advance of more than 1.5% was on May 20, 2005 (where we noted a gain of 3.05%) and on February 2, 2005 (where a weekly gain of 2.66% resulted). The index's gain of 1.25% achieved in the week of May 6, 2005 came close to matching this week's advance.

S&P 500 Chart - June 2005 - The S&P 500 index ended the week with a gain of 0.17%. We witnessed a great deal of volatility on June 7, as a strong intraday up-move was followed by an equally strong down-move. Intraday volatility was not as pronounced for the remaining sessions of the week.

S&P 500 - June 2005 - By breaking market sentiment data down further, we conclude that the week's overall sentiment could be considered neutral, except that market breadth was negative on the DJI, the DJT, and the NASDAQ 100 index.

S&P 500 Advance/Decline - May 2005 - We see the current up-move as a continuing reaction to the strongly negative market sentiment that had prevailed between April 8 and April 18, 2005. Please refer to an S&P 500 A/D decline chart; use a 60-day chart view and apply a 1-day Adv/Decl moving average.

S&P 500 Analysis- May 2005 - The S&P 500 index gained 3.05% this week. Market sentiment was positive for four consecutive days - only Friday brought a slip into neutral territory - and the weekly sentiment can be considered positive. It is noteworthy that in spite of having closed the week with a strong gain of 3.05%, we have not seen an excessively bullish market sentiment during this up-move.

S&P 500 Chart - May 2005 - The S&P 500 index declined on three sessions for an overall weekly loss of 1.47%. Weekly sentiment was negative; however, the decline should not come as a surprise, as last week showed a positive market sentiment.

S&P 500 - May 2005 - In spite of declining on three days this week, the S&P 500 index ended the week with a gain of 0.25%. For the majority of the week (i.e., on 4 days), a neutral market sentiment prevailed. Because sentiment was strongly positive on May 4, the average weekly sentiment could be called positive.

S&P 500 Analysis - April 2005 - There were two instances where market sentiment turned strongly negative this week (with both the Adv/Decl issues and A/D volume ratios reaching levels below 0.20). Following each incident, the S&P 500 index reacted with an up-move of at least 10 points - either during the same session, or on the following trading day.

S&P 500 Advance Decline Chart - April 2005 - Of particular note is that on Wednesday, we saw the highest Adv/Decl issues ratio in over 8 months (the previous high of 16.1 was reached on August 15, 2004). As discussed above, Wednesday's A/D volume ratio was not quite as elevated as the Adv/Decl issues ratio seen that day. For comparative purposes, on August 15, 2004, the A/D volume ratio reached 7.9.

S&P 500 Advance Decline - April 2005 - The last time we witnessed a decline as forceful as the one seen this week accompanied by such low sentiment readings was in the period between August 3 and 9, 2004. Overall, we consider this past week to have been dominated by a strongly bearish market sentiment.

S&P 500 Chart - April 2005 - This past week, the S&P 500 index pushed higher on four of 5 trading days and closed out the week with a gain. However only on April 7, the market sentiment was read positive. But on Friday, the index lost 0.83% and a strongly negative market sentiment prevailed. With Friday's decline, the index gave back more than half of the weekly gain achieved up until Thursday.

S&P 500 - April 2005 - During the past week, on March 30, we encountered a strongly bullish sentiment reading for the Advance/Decline issues ratio, which exceeded a value of 10. This represents the highest A/D issues reading seen in 7 months. The last time we noted a similarly bullish reading was on August 18, 2004. Additionally, values were also above 10 on August 10 and 16, 2004.

S&P 500 - March 2005 - The lowest readings we noted over the last three weeks occurred on March 16. By the end of that day, the A/D issues ratio had declined to a level of 0.17 and the Adv/Decl volume ratio to 0.19 (applying a 1-day moving average).

S&P 500 Sentiment - March 2005 - Strongly bearish sentiment readings were noted on March 16 - both in terms of the Adv/Decl issues and A/D volume ratios (see Table 1 for actual values). February 22, 2005 was the last time similarly low readings had been recorded. (Following the critically low readings seen that day, the S&P 500 index proceeded to rally by more than 3% over the next 2 weeks).

S&P 500 Analysis - March 2005 - Following Monday's advance (and positive market mood), a - at times strongly - negative market sentiment prevailed for the remainder of the week.

S&P 500 Breadth Analysis - March 2005 - This week's increase comes on the heels of last week's rally, which started on February 23. The rally started after the index had shown extremely low readings for the A/D issues (0.08) and volume ratios (0.20) on February 22. Since February 23, the S&P 500 index has thus far gained 3.2%.

S&P 500 Advance Decline Chart - February 2005 - Over the past week, the S&P 500 index gained 0.81%. This increase was achieved thanks to a three-day recovery rally that countered the index's substantial downfall on Tuesday, February 22 (where it had suffered a 1.45% decline).

S&P 500 Advance Decline - February2005 - Over the past week, the S&P 500 index lost 0.31%. This was in large part due to the significant downside push that occurred on Thursday, February 17. A review of last week's AD report shows that a strongly bullish market sentiment had prevailed on Friday, February 11

S&P 500 Chart - February2005 - Over the past week, the S&P 500 index made two significant runs: one to the downside on Wednesday and one to the upside on Friday. Overall, it closed the week on a slight plus note (up 0.19%). A review of last week's AD report shows that a strongly bullish market sentiment had prevailed on the previous Friday (with high Advance/Decline volume and Adv/Decl issues ratios - both at readings of roughly 4.3).

S&P 500 - February2005 - Over the past week, the S&P 500 index rallied 2.66%. The week started with a strongly positive market breadth, and it ended on an equally high note as well.

S&P 500 Advance Decline - January 2005 - The S&P 500 index traded within a tight range, closing up only 0.3% from Friday's close a week prior. The week in review shows that over the 5 days, the sum of all advancing issues (1,277 stocks advanced) largely counteracted the sum of all declining issues (1,192 stocks declined). In other words, positive sentiment was entirely compensated for by negative sentiment.

S&P 500 - January 2005 - This 4-day trading week (shortened by Martin Luther King Jr. Day on Monday, January 17) started with positive breadth and a move higher of the S&P 500 index by almost 1%.

S&P 500 Chart - The S&P 500 index moved in a tight range during the entire week, and market sentiment was subject to wide swings from day to day. The index moved in opposite directions from session to session, always contrary to what market sentiment readings had indicated the previous day.

Advance/Decline Sentiment - January 7, 2005 - The first two days of the week and of 2005 year were characterized by critically negative market sentiment readings. On January 4, the S&P 500 A/D ratio hit critical levels.

S&P 500 Advance/Decline - December 31, 2004 - During this past week, we saw a change of market sentiment from strongly negative (an A/D issues ratio of 0.33 on December 27) to strongly positive (an A/D issues ratio of 7.82 on December 28). Following the high sentiment readings seen on December 28, market breadth moved back into neutral territory over the following three trading days (i.e., on December 29, 30 and 31).

S&P 500 Advance/Decline - December 24, 2004 - During this past week, we saw sentiment readings surge on December 21, as reflected by both very elevated A/D issues and volume ratios. The A/D issues ratio hit a value of 5.57 and the A/D volume ratio went to 5.54.

Advance/Decline - December 17, 2004 - During this past week, we saw a slow erosion of market sentiment from strongly positive"(an A/D issues ratio of 3.80) to negative (an A/D issues ratio of 0.57). By the end of the week, the S&P 500 index had lost almost 2.5% from its highest level, reached on Wednesday, December 15.

Advance/Decline - December 10, 2004 - In summary: Following the S&P 500's fall below a critical level on December 7, the index reversed and gained 1.2% over the following 3 days.

Advance/Decline - December 3, 2004 - In summary, we can say the last three days the market moved sideway, that is not a surprise when you can see how strongly bullish sentiment was on December 12.