Boldly Going Where This Index Hasn't Gone Before!

By Chris Kimble of Kimble Charting Solutions
February 5, 2013

 Print Page    Email Article    

Bookmark and Share

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.


The phrase "To boldly go where no man has gone before" was made popular by the Star Trek series back in 1966 (wisely ignoring the priggish rule against split infinitives).

The Wilshire 5000 is taking investors where they have never gone before, as it breaks into all-time high territory at (1) in the chart below.


 

 

The NYSE Comp is currently 13% below the highs set back in 2007 and is facing an important line in the sand, dating back to the late 1990's at (2). The line highlights several emotional highs/lows over the past 13 years.

The Wilshire breaking to all-time highs reflects quality broad market price action. Can the NYSE break above resistance at (2) and work towards taking investors to where they have never gone before? A break above (2) would be a good sign for the markets!

 

 

 

 

Print Page    Email Article
 
Remember, if you have a question or comment, send it to .
Website by the Boston Web Company