Deteriorating Market Breadth Remains Challenged
Deteriorating Market Breadth Remains Challenged
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...
Another volatile week kicked off with the NASDAQ and NASDAQ 100 posting new record highs as investors were back to 'risk on' on hopes President Trump's meetings with Iran and China would ease geopolitical tensions.
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 26871.6 | 10.54 | 0.04% | 15.62% |
| DJ UTILITIES | 1013.09 | 3.18 | 0.31% | -5.15% |
| DJ TRANSPORT | 19604.51 | 222.42 | 1.15% | 12.95% |
| DJ INDUSTRIALS | 50926.56 | 20.51 | 0.04% | 5.96% |
| NYSE COMPOSITE | 23526.84 | 36.04 | 0.15% | 6.92% |
| S & P 100 INDEX | 3821.95 | -1.04 | -0.03% | 11.35% |
| RUSSELL 2000 | 2806.63 | 9.77 | 0.35% | 13.08% |
| S&P 500 | 7666.45 | 14.91 | 0.19% | 11.99% |
| CBOE MKT VOLATILITY | 16.39 | 0.05 | 0.31% | 9.63% |
| AMEX COMPOSITE | 8219.68 | 33.04 | 0.4% | 19.7% |
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