Breadth Horrible

If you read the posts from earlier in the day you can guess what the low print of the day was in the S&P 500.  1294 to the point.  A perfect touching of the "Libya" intraday low of a few weeks ago.   No surprise it is being defended but thus far the bull's efforts have been relatively weak.  We'll see what magic - if any - is in store the next 2 hours.  Traditionally you would not expect anything positive in the closing hours of a day like this.

I have a group of about 2400 stocks/ETFs that are in my universe (loosely).  These are names that have some decent size to them ($300M+ market cap), and at least 100,000 in daily volume, and a stock price over $10.  Of that 2400 there are only 120ish which are green on the day.  That includes some inverse ETFs.   So this clearly fits the definition of a 90% down day (indeed, we're around 95%).

If interested here are the names that are positive - some have clear catalysts such as Green Mountain Roasters (GMCR) and Starbucks (SBUX) but on days like today I like to look for those who can pull a Kermit, and if they are not a utility or healthcare stock that might be seen as a safe haven, I like to investigate further.  With oil down $3ish something like airline stocks would also be expected to rally.

Here are the names gaining at least 1.5% today; I've shaded the inverse ETFs - interestingly with all the hand wringing out of China today due to the import/export numbers we have some Chinese stocks on the list.  NFLX, FN, and JDSU are recovering from some recent beatings...

Ticker	Company	Mkt	Change
GMCR	Green Mountain Coffee Roasters Inc.	6,179	38.18%
RCRC	RC2 Corp.	475	17.46%
HGSI	Human Genome Sciences Inc.	4,854	12.66%
SMTC	Semtech Corp.	1,426	12.53%
SBUX	Starbucks Corp.	25,767	9.21%
LEAP	Leap Wireless International Inc.	983	8.88%
TZA	Direxion Daily Small Cap Bear 3X Shares	1,473	7.45%
AUTC	AutoChina International Ltd.	709	6.91%
IRM	Iron Mountain Inc.	5,265	6.39%
MYRG	MYR Group, Inc.	472	5.88%
MW	The Men's Wearhouse, Inc.	1,383	5.57%
QCOR	Questcor Pharmaceuticals, Inc.	810	5.55%
FAZ	Direxion Daily Financial Bear 3X Shares	4,139	5.54%
CHSI	Catalyst Health Solutions, Inc.	2,375	5.47%
DK	Delek US Holdings Inc.	603	5.41%
HTHT	China Lodging Group, Limited	1,057	5.18%
AREX	Approach Resources, Inc.	783	4.87%
SAFM	Sanderson Farms, Inc.	942	4.51%
AVAV	AeroVironment, Inc.	709	4.28%
SVN	7 Days Group Holdings Limited	955	4.06%
SKF	ProShares UltraShort Financials	1,590	3.81%
SNDA	Shanda Interactive Entertainment Ltd.	3,028	3.76%
JOSB	Jos. A Bank Clothiers Inc.	1,262	3.68%
NFLX	Netflix, Inc.	10,207	3.66%
SDS	ProShares UltraShort S&P500	2,187	3.44%
QID	ProShares UltraShort QQQ	3,115	3.10%
HRB	H&R Block, Inc.	4,635	3.09%
FN	Fabrinet	692	2.73%
YOKU	Youku.com Inc. American Deposit	4,213	2.66%
MCP	Molycorp, Inc.	4,001	2.63%
EDMC	Education Management Corporation	1,457	2.60%
ALLT	Allot Communications Ltd.	315	2.43%
CYOU	Changyou.com Limited	1,817	2.30%
SWY	Safeway Inc.	8,104	2.18%
PGH	Pengrowth Energy Trust	4,185	2.03%
NOAH	Noah Holdings Ltd. American Dep	748	1.97%
DWA	DreamWorks Animation SKG Inc.	2,209	1.91%
CCC	Calgon Carbon Corporation	794	1.63%
SYNA	Synaptics Inc.	938	1.52%
JDSU	JDS Uniphase Corporation	4,740	1.51%