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Strategies & Market Trends : General market lab and commentary
SPY 675.37-1.2%4:00 PM EST
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To: The Ox who wrote (534)7/16/2016 12:27:12 AM
From: Robohogs   of 668
 
If you haven't yet, check out the new Adv Dec sheet. Weird day Friday.

Gainers out of 40 - clearly buying focused on mid and small caps
Large Caps 27
Mid Caps 34
Small Caps 33

Down volume
Large Caps 23.2 million
Mid Caps 2.3 million
Small Caps 4.5 million

So intensity clearly with mid caps. Large caps trade more volume anyway and ARMS indicates balanced trading right at 1.00.

ARMS
Large .97
Mid .35
Small 2.63

So the mid caps had a volume thrust that was extreme to the upside vs. downside while the small caps had severely more selling in the losers.

Meanwhile tails in the daily distribution were slightly shifted with mean outperforming in large caps, but in mid caps it was extreme with mean 1.4x median meaning the leaders really outperformed. Small caps were balanced.

But the SI group really underperformed relatively. FBT by the way looks like the mid caps but without the performance (worst performer in indexes). XBI looks like the small caps extreme mean vs. median and tiny ARMS. IBB was perfectly balanced in ARMS but its average performance matches XBI so it would appear indexed small and mid caps led the day. IBB if you remove the extreme weighting at the top, is really a small/mid cap blend. With the weightings it is pure large cap with a hint of other things. FBT is a large/mid cap blend and its underperformance is a bit strange, but it does have some non-pure bio stocks.

Jon
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