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Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

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These Two Indexes Are Lagging

Not all the Standard Stock Market Indexes are doing terrific yet ...

With all the fan fare going on, many have the opinion that all the indexes are performing at new highs.

This is not the case when you look at all the standard indexes and where they are relative to their new highs.

Take a look at the chart below ... it show's all the standard indexes (or their ETFs) stacked one on top of the other.

The Indexes with a green back ground are all above their recent highs. The two indexes with a pink background are still below their recent highs.

Those two indexes are the NYA Index, and the IWM (ETF for the Russell 2000). If you look at these two on the chart, both remain below their recent highs.

Pay particular attention to the NYA Index now, as it is about to have a triple top test.

Index Comparison


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