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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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5 Indexes and 1 of them is Lagging Behind

Today's chart compares the progress of five popular indexes ... each stacked on top of each other so comparisons can easily be done.

Four out of 5 indexes were past their key resistance levels and moving higher ... except for the NYA Index.

Note how it has a pink background color and that is because it is just below its resistance line. Since this index has such a high percentage of Institutional Investor trading activity, we really need this index move above the resistance and trend higher for a healthy market.

So, keep an eye on the NYA Index as it is very important at this stage.

NYA Index

 

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