InvesTech Research
Chart and commentary courtesy of:
InvesTech Research
Closer and closer... our Gorilla Index of momentum stocks could break the "neckline" of this head-and-shoulders top formation at any time now. The more decisive the break, the stronger the evidence that the final top is in place and the bear is back in control.
* These 17 stocks represent the behemoths in the major market indexes. Composed of only 3% of the 500 stocks in the S&P 500 Index (25% by capitalization weight), they accounted for almost 60% of the S&P 500 Index's rally from the October1998 lows.
