Broadening Top for U.S. Stocks (VALUG)
One valuable yet overlooked, a tool for gaining insight into the market is the Value Line Geometric Index (VALUG).
VALUG index contains a mix of roughly 1,700 stocks from the major North American market indexes.
It is equal-weighted, uses a geometric average, and has a daily change closest to the median stock price change.
VALUG uses an arithmetic mean, with the daily change in the index reflecting a portfolio consisting of stocks in equal amounts.
VALUG has a broadening top formation.
VALUG index contains a mix of roughly 1,700 stocks from the major North American market indexes.
It is equal-weighted, uses a geometric average, and has a daily change closest to the median stock price change.
VALUG uses an arithmetic mean, with the daily change in the index reflecting a portfolio consisting of stocks in equal amounts.
VALUG has a broadening top formation.
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