Narrow-Range Day (NR10) for the Nasdaq100 (NDX)

The NDX outperformed the SPX during Monday’s selloff, and unlike S&P futures, the NDX posted an NR10 day as less than 30 points separated Monday’s high and low. That’s noteworthy considering breadth was 3:1 negative on the NASDAQ exchange. This combination of lopsided negative breadth and a narrow range has occurred a total of 19 times since 1990, 17 of which led to a higher NDX close three sessions later. Average gain was 3.2%, average loss 0.7%…

NDX NR10 Day & 2:1 Negative Breadth
11/14/11… NDX ???
10/07/11… NDX +4.7% three sessions later
09/02/11… NDX +2.1% three sessions later
09/07/10… NDX +1.9% three sessions later
08/13/10… NDX +1.8% three sessions later
03/24/10… NDX +0.5% three sessions later
11/10/09… NDX +0.9% three sessions later
08/31/09… NDX -1.2% three sessions later
03/27/09… NDX +0.1% three sessions later
10/27/08… NDX +14.0% three sessions later
05/23/08… NDX +3.1% three sessions later
08/11/06… NDX +5.6% three sessions later
07/21/06… NDX +2.5% three sessions later
10/18/05… NDX +1.7% three sessions later
05/10/04… NDX +1.4% three sessions later
04/06/04… NDX +0.2% three sessions later
12/13/02… NDX +0.8% three sessions later
09/05/02… NDX +7.3% three sessions later
08/03/98… NDX -0.2% three sessions later
01/21/92… NDX +5.3% three sessions later

Categories : Archived EOD Commentary, End-of-Day Commentary

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