Market Report - Post Election - Nov 9, 2012
Nov. 11, 2012 1:16 AM ET
muditwahal's Blog
5 Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.
Contributor Since 2012
Interested in technical analysis using Point and Figure charting, Bullish Percentage Index, on major markets, indices and sectors. Write and test new systems using several long/short strategies using ETFs and mutual funds.
Market Report - Post Election - Nov 9, 2012
The market was jilted by election surprise. Post election, the major indices dropped over 3%, Dow Jones dropped 3.25%, S&P 500 dropped 3.4%, Nasdaq composite dropped 3.6%. The Bullish Percentage Index of all major indices have now dropped below 70 and some have dropped below 60. Market may be heading for the a correction, S&P 500 has broken all support levels and Dow Jones has dropped below 13000. Several sectors have reached the levels which are ripe for buying when the turn around happens, such as Biotech, Semiconductor and Oil&Gas.
| Name | BPI | 1Dy Ch |
2Wk Ch |
4Wk Ch |
3Mt Ch |
6Mt Ch |
Hi 3Mth |
Hi 1Yr |
Lo 3Mth |
Lo 1Yr |
| NYSE | 65 | -2 | -4 | -6 | 1 | 2 | 74 | 80 | 64 | 43 |
| NASDAQ | 49 | -1 | -5 | -8 | -3 | -5 | 59 | 66 | 49 | 39 |
| DIA Dow Jones Industrial | 69 | 0 | 0 | -17 | -14 | -4 | 90 | 97 | 69 | 57 |
| SPY SP 500 | 64 | -2 | -5 | -12 | -4 | 2 | 79 | 85 | 64 | 44 |
| QQQ NDX 100 | 54 | -2 | -5 | -12 | -9 | -1 | 71 | 85 | 54 | 37 |
| IJH SP 400 | 62 | 0 | -2 | -4 | -2 | -2 | 74 | 85 | 61 | 42 |
| IJR SP 600 | 55 | -2 | -6 | -8 | 0 | -4 | 68 | 78 | 55 | 46 |
| OEF SP 100 OEX | 62 | 0 | -3 | -17 | -16 | -7 | 85 | 93 | 62 | 50 |
| IWB Russell 1000 | 63 | -2 | -3 | -8 | -3 | 2 | 78 | 86 | 63 | 43 |
| IWM Russell 2000 | 54 | -2 | -6 | -9 | -1 | -2 | 65 | 71 | 54 | 41 |
| SPY SP 500 | 64 | -2 | -5 | -12 | -4 | 2 | 79 | 85 | 64 | 44 |
| XLB (Basic Ind Sector) | 58 | 0 | 0 | -19 | -5 | -2 | 77 | 83 | 58 | 26 |
| XLV (Cons Serv Sector) | 69 | -4 | -6 | -14 | 4 | 4 | 85 | 98 | 63 | 45 |
| XLP (Cons Stap Sector) | 73 | 0 | 0 | -7 | 3 | -7 | 80 | 90 | 65 | 65 |
| XLY (Cycl/Trans Sector) | 56 | -6 | -8 | -16 | -9 | -4 | 78 | 86 | 56 | 41 |
| XLE (Energy Sector) | 60 | -3 | -5 | -33 | -22 | 39 | 96 | 96 | 60 | 14 |
| XLF (Financial Sector) | 80 | 0 | 0 | -1 | 11 | 4 | 85 | 90 | 68 | 48 |
| XLI (Industrial Sector) | 61 | -4 | -7 | -6 | -4 | 7 | 76 | 89 | 61 | 31 |
| XLK (Technology Sector) | 50 | -1 | -5 | -13 | -7 | -7 | 71 | 82 | 47 | 29 |
| XLU (Utilities Sector) | 77 | 0 | -7 | -7 | -13 | -7 | 90 | 91 | 77 | 77 |
| XME SPDR S and P Metals and M | 56 | 0 | 0 | -2 | 14 | 25 | 66 | 79 | 42 | 11 |
| XOP SPDR S and P Oil and Gas | 54 | -1 | -8 | -29 | -16 | 32 | 84 | 84 | 54 | 10 |
| XPH SPDR S and P Pharmaceutic | 56 | -7 | -14 | -18 | -14 | -16 | 74 | 89 | 56 | 48 |
| XBI SPDR S and P Biotech | 30 | 0 | -13 | -36 | -20 | -23 | 68 | 78 | 30 | 30 |
| XES SPDR S and P Oil and Gas | 36 | -2 | -13 | -24 | -38 | 5 | 88 | 88 | 36 | 10 |
| XHB SPDR S and P Homebuilders | 81 | -4 | 0 | 0 | 19 | 9 | 85 | 93 | 58 | 48 |
| XHE SPDR S and P Health Care | 65 | 0 | 0 | -10 | 1 | -11 | 86 | 87 | 65 | 39 |
| XSD SPDR S and P Semiconducto | 35 | -2 | -2 | 0 | -7 | -3 | 50 | 67 | 35 | 19 |
| XTL SPDR S and P Telecom ETF | 50 | -2 | -2 | -4 | 0 | 8 | 60 | 80 | 47 | 35 |
| XTN SPDR S and P Transportati | 62 | -3 | -6 | 12 | 15 | -7 | 68 | 95 | 44 | 42 |
| EUFN Ishares MSCI Europe Finc | 60 | -2 | -3 | -2 | 22 | 0 | 65 | 76 | 38 | 33 |
| XBD NYSE Arca Broker Dealer I | 45 | 0 | -10 | -10 | 9 | -10 | 64 | 91 | 36 | 18 |
| FIN NDX Financial 100 | 70 | 0 | -7 | -10 | 5 | -6 | 82 | 82 | 63 | 46 |
