Relative Strength is improving for the DJIA
Relative Strength is improving for the DJIA
A late-week rally was not enough to pull the DJIA and S&P 500 from the negative column as crude oil and Treasury yields remain at elevated levels. Instead, investors bid up mega-cap technology stocks, pushing the NASDAQ 100 (NDX) to fresh highs to end the week.
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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