Chart Talk {No Place To Hide In The Majors}

Here's a stock performance graph of the major US market averages since last May.  Notice how all of these have traded in lock-step.  That is when one goes up they all go up and similarly they all go down together.  The only difference is the volatility.  Russell 2000 {light Green} which has many more smaller capitalization names than the S&P 500 {light blue} is much more volatile.  Get used to seeing markets trade just like this, particularly in a world where ETFs and passive strategies rule.

Posting schedule will be Wednesday & Thursday this week.

Chart is from Stockcharts.com.

*Long ETFs related to the S&P 500, Nasdaq in client accounts and Russell 2000 in certain client accounts.  Please note these positions can change at any time without notice.