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Breakout: Value Line Geometric Index

By Gary SavageStock MarketsOct 09, 2017 12:14AM ET
www.investing.com/analysis/breakout-value-line-geometric-index-200217592
Breakout: Value Line Geometric Index
By Gary Savage   |  Oct 09, 2017 12:14AM ET
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The Value Line Geometric Index ($XVG) is an equal weighting of all the stocks on the NYSE. It has been consolidating sideways for almost 20 years. In the last several months it has broken out to the upside. This suggests a powerful and sustained move higher in the stock markets is likely to take place, and soon.

Breakout: Value Line Geometric Index
 

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Breakout: Value Line Geometric Index

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Comments (1)
Georgios Sofianos
Georgios Sofianos Oct 09, 2017 8:27PM ET
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Thanks Gary, really interesting. Of cource we should be aware that this could be a false breakout.
 
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