Mar 272014

An interesting new chart making its debut is an SPX advance-decline line that compares each stock’s performance from open to close rather than close to close. We report these numbers daily in our SPX Components Report (top of pg 3) – the number of components that closed above and below their opening. Now we’ve taken that spread and charted it cumulatively, similar to a standard advance-decline line but based on each stock’s performance relative to that day’s open rather than the previous day’s close. Here’a look at the last year and a half… Continue reading »