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Any credence to the idea that the unweighted SP500 is at all time highs suggesting more strength in the underlying market than the SPX index is showing?
I don't see it as an index in marketsmith but on other sites: $SPEW-X or $SPXEW are used.
The closest thing is an ETF: $RSP
Russell 2000 and DJ Transports are also making highs
not to mention SP400 and SP600; mid and small cap indexes respectively
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