The whole sector moves
What the market says
"When the whole group moves together it is real money, not noise: the move continues."
What the charts did
The next session was no different from an ordinary day: 51% of 65,744 closed below the anchor, against 49% of ordinary days. Median next-session move -0.1%.
A week on, 51% were above the anchor, fewer than the 55% of ordinary days; median +0.3%, and the middle 80% ran from -12.1% to +11.9% (ordinary: -6.1% to +6.8%).
A month on, 59% were above the anchor, more than the 53% of ordinary days; median +3.1%, and the middle 80% ran from -17.6% to +24.4% (ordinary: -12.6% to +13.5%).
Three months on, 62% were above the anchor, more than the 54% of ordinary days; median +7.2%, and the middle 80% ran from -23.3% to +46.0% (ordinary: -19.9% to +24.8%).
A year on, 66% were above the anchor, more than the 56% of ordinary days; median +20.6%, and the middle 80% ran from -39.9% to +121.3% (ordinary: -38.2% to +58.2%).
The week after this pattern is 1.9 times as wide as an ordinary week. That spread, not the median, is what the pattern tells you.
| Raw move from the anchor close | Instances | Share above | Median | Middle 80% | Ordinary day: share above | Ordinary day: middle 80% |
|---|---|---|---|---|---|---|
| Next session | 65,744 | 49% | -0.1% | -5.7% to +5.7% | 51% | -3.0% to +2.9% |
| 1 week (5 sessions) | 65,700 | 51% | +0.3% | -12.1% to +11.9% | 55% | -6.1% to +6.8% |
| 1 month (21 sessions) | 65,673 | 59% | +3.1% | -17.6% to +24.4% | 53% | -12.6% to +13.5% |
| 3 months (63) | 64,019 | 62% | +7.2% | -23.3% to +46.0% | 54% | -19.9% to +24.8% |
| 6 months (126) | 60,737 | 63% | +9.9% | -31.2% to +65.5% | 55% | -27.6% to +35.7% |
| 1 year (252) | 56,821 | 66% | +20.6% | -39.9% to +121.3% | 56% | -38.2% to +58.2% |