Stock market statistics as of Friday.....

Here is US stock market statistics as of Friday :

Dow              2.53% away from all time high

RUT              2.04% away from all time high

S&P 500        1.59% away from all time high

SOX                .56% away from all time high

Nasdaq            .27% away from all time high

Here is RSI as of Friday :

Dow                48.14

S&P 500         53.68

RUT                55.62

SOX                62.63

Nasdaq            62.72

The above is a snapshot of US stock market.

It clearly shows variances in performance of different sector and index.

What is very clear that IF you are not in Nasdaq or Sox, you are in wrong sector and not participating in this bifurcated market.

It is very rare that Dow , Russell and S&P 500 are trailing Nasdaq and Sox for a while.

Based on recent trendline, it is expected, that this split market will continue and may expand their divergence.

Many ETF are there which tracks Nasdaq and SOX, so it is very easy and takes no effort to invest in those ETF.

Sometimes, making money is that simple, be in the right sector / index.

It is extremely difficult to invest in individual stocks to mimic ETF.

IF you try, then you may trail badly or barely make money as individual stocks have their own issues.

Individual stocks have wild swings, even on their way up.

Depending on weighting of stocks, your performance may be subject wild swings.

YES...you can invest in leading stock of Nasdaq and sox and see how it goes.

Most stocks goes through their own digestive phase and then burst higher, thus patience and conviction is required.

Good luck with your own interpretation of above statistics.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed