INDEX: VALUE LINE GEOMETRIC
The Value Line Composite Index is a stock index containing approximately 1,675 companies from the NYSE, American Stock Exchange, Nasdaq, Toronto, and over-the-counter markets. The Value Line Composite Index has two forms: The Value Line Geometric Composite Index (the original equally weighted index) and the Value Line Arithmetic Composite Index (an index which mirrors changes if a portfolio held equal amounts of stock.) These indexes are typically published in the Value Line Investment Survey, created by Arnold Bernhard, the founder, and CEO of Value Line Inc.
The Value Line Geometric Composite Index is the original index released, and launched on June 30, 1961. It is an equally weighted index using a geometric average. Because it is based on a geometric average the daily change is closest to the median stock price change. The daily price change of the Value Line Geometric Composite Index is found by multiplying the ratio of each stock's closing price to its previous closing price, and raising that result to the reciprocal of the total number of stocks.
As market participants, we should be taking a scientific approach when putting money to work, always assuming our positions are wrong and need to prove themselves. As part of that process, one piece of evidence we want to look at on a consistent basis is the health of the overall market. One such way to gauge market health is studying market breadth. In other words, how many stocks are actually participating in any directional move. That's why we're writing today about an index you might not be aware of but should be familiar with.
M timeframe BULL
W timeframe BULL
D timeframe BULL
2018 NEW ATH
MACD M bullish momentum BULL
2009-2019 UPTREND TREND LINE ACTS AS SUPPORT
VERTICAL GREEN LINES show previous moments in history where M MACD have advanced to the upside into positive territory and have gained bullish momentum BULL
SUPPORT/RESISTANCE 1998,2007 resistance acts as support BULL
FIBONACCI LEVELS act as support BULL
IR CUTS -> RISK ON ASSETS APPRECIATION
EXANTE is a broker for professionals. Direct access to over 50 financial markets through one account.
Stocks & ETFs, Currencies, Metals, Futures , Options, Funds, Bonds, Crypto¬currencies.
Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures , foreign currencies, and bonds involve a high level of risk.
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Trade in 50+ markets in the US, Europe and Asia — from your all-in-one multicurrency account on any device
exante.eu/p/11315/fromtog/
The Value Line Geometric Composite Index is the original index released, and launched on June 30, 1961. It is an equally weighted index using a geometric average. Because it is based on a geometric average the daily change is closest to the median stock price change. The daily price change of the Value Line Geometric Composite Index is found by multiplying the ratio of each stock's closing price to its previous closing price, and raising that result to the reciprocal of the total number of stocks.
As market participants, we should be taking a scientific approach when putting money to work, always assuming our positions are wrong and need to prove themselves. As part of that process, one piece of evidence we want to look at on a consistent basis is the health of the overall market. One such way to gauge market health is studying market breadth. In other words, how many stocks are actually participating in any directional move. That's why we're writing today about an index you might not be aware of but should be familiar with.
M timeframe BULL
W timeframe BULL
D timeframe BULL
2018 NEW ATH
MACD M bullish momentum BULL
2009-2019 UPTREND TREND LINE ACTS AS SUPPORT
VERTICAL GREEN LINES show previous moments in history where M MACD have advanced to the upside into positive territory and have gained bullish momentum BULL
SUPPORT/RESISTANCE 1998,2007 resistance acts as support BULL
FIBONACCI LEVELS act as support BULL
IR CUTS -> RISK ON ASSETS APPRECIATION
EXANTE is a broker for professionals. Direct access to over 50 financial markets through one account.
Stocks & ETFs, Currencies, Metals, Futures , Options, Funds, Bonds, Crypto¬currencies.
Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures , foreign currencies, and bonds involve a high level of risk.
Single trading account
Trade in 50+ markets in the US, Europe and Asia — from your all-in-one multicurrency account on any device
exante.eu/p/11315/fromtog/
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