Quote Originally Posted by Joshuatree View Post
A friend sent me a chart and detail of the S&P 500. Only 4 were positive holding the mkt up , Facebook ,Netflix ,Google and Apple having added $260 billion mkt cap in 2017;the other 496 were in the red having lost $260billion mkt cap in 2017.!!
Yes partially true...the big companies holding up the S&P500 index
See my NYA200r chart above..That chart shows the percentage of S&P500 companies above the ma200 line..At posting there were 62% companies above their MA200 line..Today it has risen to 66% with the S&P500 index snap back above its MA50..On the surface it may sound a bullish start to another, however the above chart indicators are slow to react to this atm...so caution (regarding this snap back rally) is a prudent action...