Since SPX is a cap-weighted index, would it be even more telling if the breadth indicators incorporated size? For example, would the 52-week hi-low index be a more accurate indicator if each underlying stock was weighted by market cap? Not sure if this would make much of difference but just a thought I had and wanted to hear your views.
Shane -
Since SPX is a cap-weighted index, would it be even more telling if the breadth indicators incorporated size? For example, would the 52-week hi-low index be a more accurate indicator if each underlying stock was weighted by market cap? Not sure if this would make much of difference but just a thought I had and wanted to hear your views.
Great read