The Percent Positive Trend for the NYSE reached 70% for the first time in almost 8 years.
We are excited to announce phase three of the Nasdaq Dorsey Wright Model Builder with the launch of Matrix and FSM-based Relative Strength (RS) Testing Service. As part of this launch, we are granting you free access to the service for the remainder of 2020. The tool is designed to help you more easily design, test, implement, and monitor custom models powered by the Nasdaq Dorsey Wright methodology. Through the end of December, be sure to join us each Thursday at 1 pm EST for a custom modeler demo presented by the analyst team.
11/19/2020: Static Model Builder Demo Replay - Click Here
12/9/2020: Matrix Model Builder Demo Replay - Click here
11/5/2020: FSM Model Builder Demo Replay - Click here
Click here to register for future Nasdaq Dorsey Wright Model Builder Demos
On December 4th, the Percent Positive Trend for NYSE ^PTNYSE reached 70% for the first time since February of 2013 which is a span of almost 8 years! This means that 70% of the stocks within the NYSE universe are currently trading in a positive trend. The NYSE universe has much more emphasis on small and mid cap names compared to the SPX universe which is strictly large cap names. Going back to 1994, this is the tenth time the ^PTNYSE has reached such a level, not including clusters of occurrences within 30 days. The 3 month, 6 month, and 1 year returns are on average very positive for both the S&P 500 Index and the Russell 2000 Index. The average returns for each index are fairly similar over the 3 month and 6 month periods, but over the 1 year period, the S&P 500 Index outpaced the Russell 2000 Index by over 500 basis points. While broader participation is a good sign for domestic equities as a whole, it does not necessarily mean that small and mid caps will perform better than large caps, at least when only observing the ^PTNYSE.
