Just How Bad Are Things Right Now?

The number of S&P 500 Index (SPX) stocks that are at least 20% off their 52-week highs is at its loftiest level since 2011

by Karee Venema

Published on Sep 4, 2015 at 2:08 PM

It's been a pretty rough week for the U.S. equities market, with all three major indexes headed for steep weekly losses. While the fate of this month's price action may have been decided on Tuesday, it's still worth looking at some additional data culled by Schaeffer's Senior Quantitative Analyst Rocky White to see just how bad things are currently.

For starters, 34.9% of S&P 500 Index (SPX) stocks are at least 20% off their 52-week highs. It recently hit 40%, which is the loftiest amount since late 2011.

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Meanwhile, the percentage of SPX stocks that made new 52-week highs in the last 10 trading days is 0.4%. This is the fewest since 2009.

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Finally, the average percentage of daily SPX advancers over the past month is docked at 45.3%.

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