11/08/2012

Big selling day

Selling dominated the post election action. The selling was focused on sectors which were bid up pre election in hope of Romney victory by some. The Financials and coal were two sectors that saw lot of selling.

How big was the selling in breadth term? It surpassed the last big day of selling 6/21/2012 in our Stockbee Market Monitor breadth monitor.


Will there be a follow through. Probability favors that as breadth has been deteriorating for sometime.
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