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Topped Out? Not All Indices Are There Yet

By Tim KnightStock MarketsMay 03, 2022 12:34AM ET

www.investing.com/analysis/topped-out-not-all-indices-are-there-yet-200623348

By Tim Knight | May 03, 2022 12:34AM ET

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US500

-1.47%

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US2000

-1.35%

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IXIC

-1.57%

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DJA

-1.55%

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DJUSL

-1.48%

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NTM

-0.22%

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OEX

+0.45%

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SPCY

+0.45%

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There are many trite phrases one could use to describe U.S. equities right here. Here are a few: It’s a mixed bag. The jury is still out. Your guess is as good as mine. And so forth.

From what I can see, there are some important indexes which have absolutely completed important topping patterns, and there are some others that have some more work to do. I’ve broken this groups, respectively, into some charts that are “There” which includes the Russell 2000, the NASDAQ Composite, the S&P Small Cap 600, the Russell 3000 and the NYSE TMT. Then there are those which are simply “On the Brink” including the S&P 500, S&P 100, Dow Jones Composite and the Dow Jones Large Cap indexes:

There

Russell 2000 Chart

Nasdaq Composite Chart

S&P Small 600 Index Chart

Russell 3000 Index Chart

NYSE TMT Index Chart

On the Brink

S&P 500 Index Chart

S&P 100 Index Chart

Dow Jones Composite Index Chart

Dow Jones Large-Cap Index Chart

The tumult we’re going to be seeing over the next 72 hours is going to be quite a sight, but in my opinion, once it’s done, it hardly even matters. The die has been cast. We just need the rest of the gang to wake up and realize what’s going on.

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1D1W1M6M1Y5YMax

US 30	33,701.1	+82.2	+0.24%
US 500	4,287.1	+13.6	+0.32%
Dow Jones	33,618.88	-388.00	-1.14%
S&P 500	4,273.53	-63.91	-1.47%
Nasdaq	13,063.61	-207.71	-1.57%
S&P 500 VIX	18.94	+0.00	+0.00%
Dollar Index	105.962	+0.032	+0.03%

Crude Oil WTI	91.40	+1.01	+1.12%
Brent Oil	93.25	+0.82	+0.89%
Natural Gas	2.878	+0.027	+0.95%
Gold	1,914.55	-5.25	-0.27%
Silver	23.038	-0.158	-0.68%
Copper	3.6372	-0.0088	-0.24%
US Soybeans	1,304.75	+0.75	+0.06%

U.S. 10Y	4.536	-0.027	-0.59%
U.S. 30Y	4.665	-0.031	-0.67%
U.S. 5Y	4.605	-0.020	-0.42%
U.S. 3M	5.499	+0.001	+0.03%
US 10Y T-Note	108.27	+0.16	+0.14%
Euro Bund	128.84	+0.05	+0.04%
10-2 Yield Spread	-59.78	+8.04	+-11.85%

Apple	171.96	-4.12	-2.34%
Alphabet A	128.57	-2.55	-1.94%
Tesla	244.13	-2.87	-1.16%
Amazon.com	125.98	-5.29	-4.03%
Netflix	379.25	-5.55	-1.44%
Meta Platforms	298.96	-1.87	-0.62%
Bank of America	27.17	-0.43	-1.56%

	Interest Rates	Next Meeting
FED	5.50%	Sep 20, 2023
ECB	4.50%	Oct 26, 2023
BOE	5.25%	Sep 21, 2023
SNB	1.75%	Dec 14, 2023
RBA	4.10%	Oct 03, 2023
BOC	5.00%	Oct 25, 2023
RBNZ	5.50%	Oct 04, 2023
BOJ	-0.10%	Oct 31, 2023
CBR	13.00%	Oct 27, 2023
RBI	6.50%	Oct 06, 2023
PBOC	3.45%
BCB	12.75%	Sep 20, 2023

Topped Out? Not All Indices Are There Yet

There

On the Brink

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