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Thursday
Mar182010

S&P 500 Financial Sector New Highs at 40%

DateThursday, March 18, 2010 at 01:48PM

More than a quarter of S&P 500 stocks made new 52-week highs yesterday, but the percentage was even higher in the S&P 500 Financial sector.  Below is a chart of net new 52-week highs (% 52-wk highs minus % 52-wk lows) for the Financial sector since the start of 2008.  Yesterday's reading was by far the highest seen over this period.  Forty percent of the sector made new 52-week highs yesterday, while no stocks in the sector made a new low.  This is representative of very strong breadth for the Financials.

 

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Reader Comments (1)

If you think Greeces debt is big check out the debt of "the best bank" Goldman Sachs. IT IS 340 BN USD!!!

This is more than Greece, Portugal, Spain and Ukraine TOGETHER!!!

March 22, 2010 | Unregistered CommenterGordon Flash

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