Here is we can observe the broadening out of the stock concentration we have observed for the past 4 years in the Mag7 which at its peak reached 35% of the market.
To read this chart correctly.
1: This is ES/Mag 7 relative strength. It is full ES 500- MAG 7- Apple, Amazon, Google, Meta, Microsoft, Nividia Tesla.
2. When this chart goes up, it means concentration is broadening out i.e more investment into more of the SP500 other/ smaller companies and less into Mag 7.
2.1 When this chart goes Down, it ca signify A: Heavy selling in Mag 7 companies. OR B: Heavy buying in the broader set of S&P500 companies. OR Both at the same time.
To read this chart correctly.
1: This is ES/Mag 7 relative strength. It is full ES 500- MAG 7- Apple, Amazon, Google, Meta, Microsoft, Nividia Tesla.
2. When this chart goes up, it means concentration is broadening out i.e more investment into more of the SP500 other/ smaller companies and less into Mag 7.
2.1 When this chart goes Down, it ca signify A: Heavy selling in Mag 7 companies. OR B: Heavy buying in the broader set of S&P500 companies. OR Both at the same time.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.