2,821 stocks above $200 million market cap (updated for close)

[Biggus Piggus]

Among those 2,821:

200 are within 10% of their six-month highs.
420 are within 15%

Below that level is where you have to question the stock's direction, and man that is an unusually huge population.

The breadth of sentiment breakdown is breathtaking.  You cannot afford to buy last week's losers.  Today, last week's worst losers underperformed last week's best stocks by a 2:1 margin.  A lot of that is a math thing.

I am hearing that financial advisors/planners are among the worst influences right now.  They are the ones who bought ETFs for their clients and are now dumping them like mad.  This kind of indiscriminate selling hurts the lower-priced stocks worse, because the beaten-up stocks are overweight inside the ETFs--more shares than they should have.

Best to worst sectors today:

-1.8% Transports (early cyclical + negative beta to energy)
-2.7% Retail (guess can't be more hated than they are)
-2.9% Manufacturing (WTH)
-3.3% Tech hardware (what happened to no bucks, no Buck Rogers)
-3.6% Consumer staples (defensive)
-4.0% Business services
-4.0% Financials
-4.1% Energy
-4.4% Communications carriers
-4.4% Consumer services
-4.4% Distributors
-4.6% Software/IT services
-4.7% Health tech
-5.1% Chemicals and packaging
-5.4% Consumer durables (indiscriminate selling going on)
-5.5% Materials (commodities are in freefall)
-5.5% Utilities
-5.8% Health services
-7.3% Investment trusts (mostly energy)
-7.3% Industrial services (mostly energy related--drillers, pipelines)

What groups on average are holding up best (avg % of 6-month high):

87% Consumer staples
82% Health tech
79% Distributors
79% Retail
74% Financials
75% Health services
74% Utilities
73% Software/IT services
72% Investment trusts
72% Transports
70% Business services
70% Consumer services
69% Communications
66% Tech hardware
64% Energy
62% Consumer durables
61% Manufacturing
60% Chemicals and packaging
57% Industrial services
49% Materials

Big darned closing rally, nice to see.