A breadth measure, the weekly has broken the down channel and survived a retest and is above the cloud. Similar pattern for SOX, XLF, and XLI. Keep a watch on the trend, it is a good tell for market direction.
The NYSE Composite Index is a stock market index that includes all common stocks listed on the New York Stock Exchange (NYSE). It is calculated using a market capitalization weighted methodology, meaning that the weight of each stock in the index is based on its market capitalization, or total value of all outstanding shares. The NYSE Composite Index is considered a broad market benchmark, and is used to track the performance of the overall stock market. It is different from other stock market indices such as the Dow Jones Industrial Average or the S&P 500, which only include a subset of the stocks listed on the NYSE.
The NYSE Composite Index is a stock market index that includes all common stocks listed on the New York Stock Exchange (NYSE). It is calculated using a market capitalization weighted methodology, meaning that the weight of each stock in the index is based on its market capitalization, or total value of all outstanding shares. The NYSE Composite Index is considered a broad market benchmark, and is used to track the performance of the overall stock market. It is different from other stock market indices such as the Dow Jones Industrial Average or the S&P 500, which only include a subset of the stocks listed on the NYSE.