SPY & QQQ intraday chart observations by rimshot Message Board

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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot

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ajtj99

To: rimshot who wrote (1101)	7/2/2023 2:58:08 PM
From: rimshot	1 Recommendation Read Replies (2) of 1309

$OEX vs. $SPX daily closes ratio barely moved for the recent 5 days, on a closing basis ... and at a much lower level for this ratio than in the prior week so, either there is more relative participation in the price advance by the other 400 stocks in the $SPX OR only a few Mega Caps are offsetting relative under performance in the 100 stocks within the $OEX my view, after looking at the top weighted 25 stocks in the $OEX is that the 400 $SPX stocks relatively outperformed on a percentage basis the 100 stocks in the $OEX as a group this 11-sector summary available at SC provides additional evidence for my claim that last week we saw broadening relative participation by the 500 $SPX stocks in the most recent price advance .. you be the judge what occurs in the future near-term * Consumer Staples ranked last for the current week $OEX vs. $SPX daily close ratio plot for 2 years & 3 months - stockcharts.com $OEX vs. $SPX daily close ratio plot in a line format - stockcharts.com $OEX vs. $SPX *cumulative percentage change* in the daily Relative Strength ratio** since April 1, 2021 close - stockcharts.com

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