In Case You Are Wondering What Is Happening Underneath the Surface

The Russell 3000 index is comprised of the largest 3,000 U.S. companies, basically its 95% of the investable U.S. equity market.  Here is what the majority of stocks are doing versus some of the major indices that are sitting at highs resting.

Nasdaq Composite vs % of Russell 3k stocks > 10 day moving average

comp_vs_rut3k

 

Russell 2000 vs % of Russell 3000 stocks > 10 day moving average

 

RUT2K_VSRUT3K

 

SP500 vs % of Russell 3000 stocks > 10 day moving average

 

SP500VSRUT3K

 

 

The importance of negative divergence

 

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Frank Zorrilla is the founder of Zor Capital LLC a New York based investment management firm.  Our goal is superior performance, with preservation of capital as our number one priority. Zor Capital manages separate accounts (both taxable and retirement) for accredited investors and institutions. This structure gives clients access to a hedge fund like strategy while maintaining 100% control of their accounts.  Managed Assets

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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.


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