Major indexes strength status as of 2023-05-08?

Brian Degracia

09 May 2023 • 1 min read

Can you really tell anything material and actionable from this type of chart?

Following up yesterday's post I did the same analysis for the major indexes. This version provides more detail in the summary chart in the upper right corner of the detail pages. For example, here's today's S&P 500 summary:

Today's "micro" summary of the S&P 500. Quickly see that the index is of Average strength and weakened over the past week. Five sector groupings weakened and none strengthened. This does not match the S&P 500 price chart which shows upward movement over the past week. Explanation: equal vs. market cap weighting.

Which bottom-lines this chart on the detail page:

The value here is the ability to do this analysis for the individual industries. That analysis reveals the needed, materially-useful stock-by-stock detail in more meaningful groupings.

Downloadable Report

Below is the link to the summary report which is the source of the above graphics.

SMO Head to Head Main Indexes 2023 05 08

SMO Head to Head Main Indexes 2023-05-08.pdf

2 MB

Downloadable Report

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