Trader Talk
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
- The Gold Rush Is On
TRADER TALK RSS FEED
» Help
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Why Amazon Rules Retail
- HP Comes in As Expected; Is It Time to Buy?
- Paul: Audit the Fed
- Wave of Debt Payments Facing US Government
- JAL Slides to Record Low on Bankruptcy Jitters
- Prepare For Large Decline In Stocks, Next Year?
- The Social Media Gaming Threat
- Holiday Travel Outlook
- Gold Will Collapse Like Oil Did in 2008: Charts
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
- Tuesday's Heavy Dose of Data to Dictate 'Risk' Behavior
- Obama says Boosting US Jobs is Top Priority
- More Consumers Giving 'Black Friday' the Cold Shoulder
- Prepare For Large Decline In Stocks, Next Year?
- Hewlett-Packard Earnings Rise, Match Guidance
- HP Comes in As Expected; Is It Time to Buy?
- Cramer: What Monday’s Housing Number Really Means
- Why the Dollar Will Likely Stay Weak for Some Time
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
powered by digg
New Signs Of A Broad Advance
Published:
Friday, 24 Jul 2009 | 4:19 PM ET
Text Size 
By: Bob Pisani
Reporter
Reporter
 |
] and Amazon [AMZN
Loading...
()
] should have dropped the markets more...it did end the NASDAQ win streak, but today was a victory for the bulls because it shows the market has: 1) resiliency, and
2) can rotate into new leadership: healthcare, energy, etc.
More importantly, there is strong momentum behind all groups. All 10 S&P 500 sectors are above their 200-day moving averages; that rarely happens and is a sign of a broad market advance.
Need more proof? The S&P is up 0.27 percent today, but the Equal-Weighted S&P, which assigns an equal weight to all 500 stocks in the S&P, is up 0.8 percent today. That is a big outperformance and a sign that many stocks are advancing, not just a few of the biggest market-cap names.
For the week, going into the closing bell: Dow up 3.9 percent, S&P up 4.1 percent, NASDAQ up 4.1 percent.
_____________________________
- The Dow 30 in Real Time
- Investors Dump Brokers to Go It Alone on Internet
- Warren Buffett to CNBC: Invest in Stocks Even At Dow 9000
- Art Cashin: Dow 10,000 Possible Near-Term
- The CNBC Stock Blog
_____________________________
Questions? Comments?
© 2009 CNBC, Inc. All Rights Reserved
POPULAR TRADER TALK POSTS
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
- The Gold Rush Is On
Data is a real-time snapshot *Data is delayed at least 15 minutes