Two Down Days to Start the Week

After a nice rally on Friday, the markets have pulled back on the first two trading days of this week. We broke the Russell 1,000 stocks into deciles (10 deciles of 100 stocks) based on performance from the 3/10 bottom through the close on Friday to see if this week's declines have been led by pullbacks from the winners or bigger declines from the losers.

The chart below highlighting the performance of each decile clearly shows that the winners during the rally have held up best this week, while the losers have continued lower.

Below we highlight the 25 worst performing stocks in the Russell 1,000 so far this week. As shown, the airlines have gotten killed as poor earnings and sky-rocketing oil have punished shares.

Comments

[tudelson:]

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what does your top decile look like any new entrants into your host of strong relative strength group performers?

2008 Apr 23 11:28 AM