The Median Stock Breaks Out

JC Parets
February 5, 2023

The Value Line Geometric is one of the more underappreciated indexes that we have at our disposal.

The Dow is the OG, the S&P500 is the benchmark and the Nasdaq gets all the girls.

But you know, it's the Value Line Geometric Index that might actually give us the best information.

As you guys already know, I'm not a slave to any one index. In fact, I care a lot more about the collective performance of the individual stocks themselves, than I do about indexes.

And maybe that's why I have such an appreciation for the Value Line.

Also, the data goes back a long time. This isn't a new index by any means. So we have a lot of history here.

This chart here basically represents the "median" stock's performance.

And I think it's worth pointing out that it's creeping up and attempting to break out above those 2018 highs:

It's a weight-of-the-evidence thing for me.

But you already know that.

And as a part of that evidence gathering is the Value Line.

Momentum re-entering into a bullish regime and prices hitting the highest levels since last April is not a negative sign for this market.

To me it speaks to further breadth expansion, not breadth deterioration.

We'll be discussing all of this on Monday night.

Premium Members make sure to register here if you haven't already.

This one you cannot miss. We'll get going LIVE @ 6PM ET.

If you have any issues accessing the registration page or you'd like to talk through any questions or concerns, just email me here or give Mary a call: +1 (323) 421-7910

 

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