NYSE Composite Has Catching Up to Do

US stock market has run through many resistance levels created over the last decade and is at a very high level. Most of the broad market indices are either at all time high or much higher than the pre-financial-crisis level achieved in 2007-2008.

Dow Jones Industrial Averages, S&P 5oo are at all-time highs. So are Dow Transports and Russell 2000. Although, the NASDAQ Composite has not reached the levels seen in 2000, it crossed above high of 2007 in 2012.

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Most of the exchanges are also seeing similar high with an exception of the NYSE stock exchange. The Dow Jones US Total Stock Market Index (DWCF) is at an all-time high with a chart pattern similar to S&P 500.

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However, NYSE Composite Index – index of all stock traded on the NYSE exchange – has reached only the high achieved in May 2008 and is almost 10% below the all-time high of October 2007.

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This indicates that the stocks listed on the NASDAQ are rising faster than the stock listed on the NYSE.

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