The major averages overcame a mid-week technology selloff and volatile swings in crude oil prices, and Treasury yields to finish the week with modest gains.
The major averages overcame a mid-week technology selloff and volatile swings in crude oil prices, and Treasury yields to finish the week with modest gains.
Relative Strength is improving for the DJIA
The technical condition of the market remains mixed as the period came to a close. Despite record highs from the NASDAQ and NDX 100, underlying breadth remains extremely weak. Fresh record highs in the tech heavy indexes were accompanied by more new 52-lows than new highs, a divergence that has occurred only twice before in market history...
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 27366.17 | 172.83 | 0.64% | 17.74% |
| DJ UTILITIES | 1055.96 | 8.09 | 0.77% | -1.13% |
| DJ TRANSPORT | 19804.14 | -4.93 | -0.02% | 14.1% |
| DJ INDUSTRIALS | 51654.95 | 423.31 | 0.83% | 7.47% |
| NYSE COMPOSITE | 23939.1 | 141.5 | 0.59% | 8.79% |
| S & P 100 INDEX | 3893.54 | 19.55 | 0.5% | 13.44% |
| RUSSELL 2000 | 2806.98 | 12.85 | 0.46% | 13.1% |
| S&P 500 | 7811.54 | 46.18 | 0.59% | 14.11% |
| CBOE MKT VOLATILITY | 14.84 | -0.57 | -3.7% | -0.74% |
| AMEX COMPOSITE | 8172.37 | 44.13 | 0.54% | 19.01% |
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