Chart of the Day: CHECK ENGINE Light is On!
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Barchart
Barchart
For those of you who have been following my Chart of the Day column you know that I’m a big believer in looking at non-cap weighted indexes. I especially like the Value Line Arithmetic Index ($VLA) , an index of 1700 stocks covering about 95% of the entire US stock market capitalization and Barchart’s Market Performance Indicator which is also a non-cap weighted index but covers about 5,300 stocks. If you follow these you get a much bigger view of what is really going on in the overall Market. Lately just a few very large Black Swan events have had a ripple effect through out the entire market…