How do I interpret under-performance of the AMEX Composite Index?

Kevo
Kevo ✭
in Using Technical Analysis
Hi All,

How do I interpret under-performance of the AMEX Composite Index? I have been trying to figure this out. For example, I know that the NASDAQ Composite has a lot of high beta/small caps and technology. NYSE Composite is the big board with large caps and dividend payers.



I thought that AMEX consists of just small caps, or ETFs, or Mutual Funds/Bonds. Now, I think it has everything?

Comments

  • Kevo
    Kevo ✭
    edited December 2014
    I guess I was getting confused when trying to determine the answer from the symbol catalog. Google says it is a market capitalization weighted index primarily of small and micro cap growth companies.
  • markd
    markd mod
    edited December 2014
    Hi Kevo,

    If you haven't thought of this already, I think you can determine exactly what's in it with a few scans (or just one if you combine them) - exchange is amex and group is industrials, energy, etc., then put the results in candleglance to see what they are like (often not pretty).

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