Key stats
About Invesco S&P 500 Equal Weight ETF
Expense ratio
0.20%
Home page
Inception date
Apr 24, 2003
Probably one of the best-known equal-weighted ETFs, RSP simply takes all the stocks in the S&P 500 and weights them equally. Equal weighting greatly increases the footprint of smaller S&P 500 stocks (many of which we consider to be midcaps), which results in higher beta for the portfolio. However, equal weighting also lowers concentration, reducing blow-up risk from any one name. While one should expect some sector biases here as well, RSP does not equal-weight sectors as some peer equal-weight ETFs do. Quarterly rebalancing implements the contrarian theme baked into all equal-weight plays: sell winners and buy losers.
Classification
What's in the fund
Exposure type
Finance
Electronic Technology
Technology Services
Stock breakdown by region
RSP/SPYRSP equal weighted SP500 broke above downtrend line and has been consolidating bullishly. Market breadth is expanding, which is good for long term, however, mega caps may be under performing going forward.
Gap Fill Incoming Likely on RSPIf we take out last Fridays candle this gap fill would be the next actionable trade on AMEX:RSP aka Equal Weight AMEX:SPY
US Markets Cleared For A 13% to 24% Rally - Get SomeThis video highlights why I believe the US markets are ready to make a big move higher over the next 12 to 24+ months.
Many people suggest the markets will crack or crash, or we will experience some black/grey swan event. I'm afraid I have to disagree with this belief.
Yes, there is always a chanc
Market Going UPWe have been doing a cup and handle pattern for a long time...
The RSP shows you what the general market is doing unweighted and less distorted.
We have been experiencing much downfalls in the previous weeks in the BIG STOCKS,
but the rest of the market was not impacted...
This means...
Someone
Is it a HS? RSP SPX equal weightHS pattern on the making? Would confirm if neckline is broken to the downside.
What is RSP telling us about this market ? For the longest, analyst were not convinced of the market strength although market was making new highs. This is because in their opinion the market was being led by a handful of stocks and the broader market was not participating in this uptrend.
Today we have RSP, the equal weighted S&P 500 inde
S&P 500 Equal Weight ETF P-like waveObservation:
The S&P 500 Equal Weight ETF has been consolidating since April 2024. The price will enter the apex of consolidation in July through August, coiling for a breakout at that time; if not, the market will delay until US elections in November.
Daily view:
Daily consolidating since Apri
Shorting the trend line break on RSP. You can see that RSP has lost touch with it's trend line, including its buffer zone. Furthermore, the DTL buffer zone wasn't even tested on the the Adam and Eve double top. Volume has been above average, validating distribution. Seems likely to test the double top neckline.
Cap weighted vs Equal Weight SPY at ExtremesAre the times when the cap wtd S&P500 is crushing the EW AMEX:SPY also the times when AMEX:SPY is most vulnerable? At present, you would have to go back to Q1 2009 to find a simliar ratio to today (using AMEX:RSP as the EW SPY in comparison to AMEX:SPY ). Another period when this extreme wa
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Displays a symbol's price movements over previous years to identify recurring trends.