Monday, October 5, 2009

92.2 percent bullish

39 S&P 500 components are now trading below their 20, 50, and 200 day moving averages. this is up from 12 (97.6%) when I last looked on 9/11/09.

click here for the list. (it updates daily.)

meanwhile, the S&P has declined 1.82 percent since 9/11. unfortunately I did not get this stat when the market was near its recent top, would have been interesting to see whether the reading was above or below the extreme 97.6% figure.

of the 39 on that list now, only 4 have a trailing P/E under 15, a forward P/E under 10 and a dividend yield greater than 3 percent. click here for the refined list.