Will Wong

Correlation of all the US Indices: Today, the NASDAQ Composite

DJ:DJI   Dow Jones Industrial Average Index
printed a new All Time High. The DO, SPX , and R2000 are still lagging behind. In an effort to understand if it is possible for the NASDAQ to print an ATH while the other indices continue to make lower lows, I overlay all the indices on a single chart. The correlation is almost 100%. With this, I am 99% sure that the DOW and the other indices will eventually make their ATH .
Comment: In 2000, there was rotation between the DOW, SPX, and NASDAQ with tops printed on three different dates but the fac is all three indices printed ATHs within 3 months.

Comment: ATHS printed by all 4 indices on 1/26/2018

Comment: During the 2016 correction, all 4 indices bottomed on the same day.

Comment: In the topping action in 2015, all 4 indices printed ATHs within 2 months of each other and all bottomed on the same day.

Comment: In the 2011 correction, all 4 indices topped on the same day and bottomed on the same day.

Comment: In 2007/2008/2009, all indices printed ATHs within 3 week of each other in October 2007 and all 4 indices bottomed on the same day in March 2009.

Comment: Following the 9/11 attacks, all 3 indices bottomed on the same day twice and the same week once.

Comment: In 2015, the indices were also found walking in tandem.

Very nice, indeed!
See a flock of sheep lol!
Will Wong Avasreader
@Avasreader, LOLOLOL
so long all the indices?
Will Wong TadNewwin
@TadNewwin, Different people have different strategies. Personally, I look for winners in all indices. I like the QQQs and the TQQQ's.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out