On Friday you saw the highest weekly close for the S&P500 in history.
Do you know how many stocks on the entire NYSE closed at a new 52-week high?
12.
Meanwhile in ETF land, the Nasdaq100 $QQQ and S&P500 $SPY hit new all-time highs on Friday, but we also saw fresh 6-week lows for the NYSE Advance-Decline line. It was also a new 6-month low for the Nasdaq Advance-Decline line, for those keeping score at home.
Here’s a chart of all the S&P Sectors on an equally-weighted basis over the past 15 weeks. Consumer Discretionary has been the worst. Utilities have been the best by far.
You’ll notice that the Equally-weighted S&P500 and Nasdaq100 have made no progress or are down during this period. [Read more…]