Oops and deep correction? Or just a false start before a move higher? $RSP pic.twitter.com/bqjBEv8nGl — Alfonso Depablos, CMT (@AlfCharts) April 15, 2024 🏆 Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). Breadth looked healthy a few weeks ago, but it’s taken a turn for the worse. The Equal-Weight S&P 500 ($RSP) […]
Chart of the Day – Thursday, January 11, 2024
🏆 Today’s Chart of the Day was shared by Todd Sohn (@Todd_Sohn). The Equal-Weight S&P 500 ETF ($RSP) has seen heavy inflows over the past year despite underperforming Cap-Weight ($SPY) by a wide margin. Equal-Weight ($RSP) is lagging Cap-Weight ($SPY) by -12% over the trailing 12 months – the bottom 5% of historical readings. Todd […]
Chart of the Day – Tuesday, December 19, 2023
"It's just the Magnificent 7 driving this rally!" What a load of click-baity crap. The S&P 500 equal-weight index just cycled from a 52-week low to 52-week high in 33 days. The only time since 1957 it happened faster was in September 1982 when the average stock went on to… pic.twitter.com/u1HEHUcR5M — Jason Goepfert (@jasongoepfert) […]
Chart of the Day – Tuesday, November 7, 2023
5 largest S&P weights = 25% of index now, new high. pic.twitter.com/0t2rQjsG2M — Todd Sohn (@Todd_Sohn) November 7, 2023 Today’s Chart of the Day was shared by Todd Sohn (@Todd_Sohn). Mega-Caps have gotten even more Mega lately. One way to visualize this is by looking at the Equal-Weight S&P 500 vs. the S&P 500 (red […]
Chart of the Day – Monday, July 24, 2023
A bullish scent in the air: The all-important equal-weighted index continues to flirt with a base breakout. pic.twitter.com/QHiqRD9O7x — Jurrien Timmer (@TimmerFidelity) July 24, 2023 Today’s Chart of the Day was shared by Jurrien Timmer (@TimmerFidelity). The Equal Weight S&P 500 is less than 1% away from joining the new 52-week high club as it […]