With seven days in the last ten where the S&P 500’s daily A/D (number of advancing stocks minus the number of declining stocks) line has been -300 or more, the 10-Day A/D line has plummeted to the lowest levels in at least a year. In a B.I.G. Tips report sent out to Premium and Institutional members, we looked at similar historical readings in the S&P 500 10-Day A/D line to see how stocks performed going forward. If you are for an idea of how stocks have historically performed in the short and medium term following similar instances, this report is a must read.
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