Yes, it looks to me like 43 stocks make up just over 50% of the S&P500. Further, it looks like the CMR.X, the HCX.X or DRG.X, the XTC.X, the XOI.X and the BIX.X make up at least 37.77% representation and that is only based off the top 43 stocks. Of course, there are others in those indices besides just S&P500 stocks, but I was searching for three to five indices that might give clues on where the S&P500 is headed. I think the top three listed when they agree as to direction the S&P500 is headed strongly in that direction. When they are split it is less than strong.
Right now CMR and HCX are strongly down, but the XTC.X is holding its own. Depending upon why the drugs tanked in the last minutes of trading on FRI I think shall determine whether we go down more, or bounce from here. IF the drugs bounce, the drugs and telecom should pull the S&P500 up. If not, I suspect the drugs and Consumers to pull it down.
This is very early in my study of this, so don't take the above with anything other than a chuckle! :)
-Scott
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