Invesco S&P 500 Equal Weight ETF

  • RSP

  • $177

  • -0.78%

  • $178

  • $178

  • $176

Ticker Appearances

Fri, September 27, 2024 | 12:15PM ET

⚡ FlashInsights

Fri, September 27, 2024 | 12:15PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Heading into mid-day, we see a very defensive rally in markets, and real broad-based strength as RSP -0.78%  is up +0.75% and 10 of 11 sectors are higher on the day, with Utilities, Energy, Discretionary, Staples and Healthcare all up more than 1%. yet, SPX is flat, and QQQ is lower by -0.45% as XLK is down nearly -0.90% which makes it seem like a "down day" but this is largely only large-cap Technology- Equal-weighted Tech is actually lower by nearly half that amount, or -0.53%. But Today is largely about Defensive strength and Tech weakness while the broader market is rallying in stealth mode

Daily Technical Strategy
Mon, September 16, 2024 | 6:46PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Equal-weighted SPX back at new all-time highs; AAPL still attractive

SHORT-TERM TRENDS TURNED BACK TO BULLISH FOLLOWING LAST WEDNESDAY’S CLOSE ABOVE 5525, AND EQUAL-WEIGHTED S&P 500 HAS JUST MOVED BACK TO NEW ALL-TIME HIGHS.   TECHNOLOGY...

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Visitor: a4f213-9f8f98-d037a4-2ee09d-f0f2ba

Mon, September 16, 2024 | 12:01PM ET

⚡ FlashInsights

Mon, September 16, 2024 | 12:01PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
Heading into Europe's close, we see a moderate rally in US Equities that has been largely disguised by weakness in AAPL -2.18%  which is falling by the most it has in a month. While Equal-weighted S&P 500 did rise to a record high today early in trading before giving back some of these gains, 10 of 11 sectors are higher today on an Equal-weighted basis, with only Technology being dragged down. This Tech weakness isn't as apparent when eyeing RYT which is just lower by -0.26% but XLK -0.53%  is down -0.67% as AAPL along with SKYW 0.48% , QRVO -1.69%  MU 0.66% , TER -0.84% , and AVGO -0.76%  are all down more than 3%. Thus, Semiconductors are down, but the broader market is acting fine, with Financials, Energy, REITS and Utilities all higher by more than +0.50% and even Healthcare is up by +0.47%. Overall, it's important to recognize that the US stock market is made up by more than just AAPL -2.18% , but Technology's negative performance today is dragging down the major US Benchmark indices like SPX and NASDAQ, while DJIA is positive, DJ Transportation Avg is positive and RSP -0.78%  is higher by over +0.30%.
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