Trader Talk: More signs the market is slowly advancing

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

How broad is the latest advance? Most of the larger sectors have all risen in the mid-teens since the October bottom, when viewed on an equal-weighted basis.

I mentioned Tuesday that stocks were not in a bull market, but were heading in that direction. The most important indicator is broadening participation: more stocks advancing than declining. The NYSE Composite Index Advance/Decline Line has had a huge push upward in the last two weeks: it now sits at its highest level since mid-September, when it was in a downtrend that did not stop until mid-October.

The S & P 500 Equal Weight Index , an equal weighted-basket of the 500 stocks in the S & P 500, is up nearly 17% since then, while the S & P 500 is up only 11%. In an equal-weighted world, Apple and Microsoft are just another two stocks, instead of the more than 11% of the market cap-weighted S & P 500.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 12. in İD

Indonesia Berita Terbaru, Indonesia Berita utama