Frank Zorrilla | Oct 01, 2014 01:28AM ET
The third quarter ended with all the major indices RUT, DJIA, SPX the NASDAQ and the PowerShares (NASDAQ:QQQ) down for the month of September.
Breadth has been horrible for the last couple of months and its getting worse, it will be interesting to see how this plays out since we are entering what historically is the best quarter of the year.
These charts that start at the beginning of the third quarter gives you a better picture of what transpired in the last 3 months.
NASDAQ vs NYSE New Highs – New Lows Difference 10-day moving average.
Nasdaq vs All stocks above their 40-day moving average
Nasdaq vs Stocks up 25% for the quarter and Stocks down 25% for the quarter.
Here’s a recap of those charts;
Many active traders probably got chopped around in this mess trying to make something happen when they was really nothing to do (swing trading perspective), less was better.
Here is the Fidelity Contrafund (large cap) versus the Fidelity otc stock fund and the Fidelity low price fund. Clearly a select few large caps was the place to be this quarter.
Very simply all I’m doing is pointing out what happened in the third quarter. I’m not predicting what is going to happen based on these stats, but when you get your monthly statement and you scratch your head and say what the hell happened, now you know.
Frank Zorrilla is the founder of Zor Capital LLC a New York based investment management firm. Our goal is superior performance, with preservation of capital as our number one priority. Zor Capital manages separate accounts (both taxable and retirement) for accredited investors and institutions. This structure gives clients access to a hedge fund like strategy while maintaining 100% control of their accounts.
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