The S&P 500 index is often used as a measurement of the overall performance of the stock market and also as a benchmark against which investors and fund managers’ performance is evaluated.
A press release from the S&P Dow Jones Indices reported a change to how multiple share classes in U.S. indices are treated for some companies.
Previously companies with more than one class of common stock were represented only once in the index.
Under the new method, companies that issue a second publicly traded share class may have more than one share line in the index (if they meet the liquidity and size criteria), but the index will still only be comprised of 500 companies.
Currently two companies, Google Inc., and Discovery Communications Inc. already have 2 share class lines in the S&P 500 index).
It’s anticipated that 3 more companies will have additional class lines added to the S&P 500: Comcast Corp., Twenty-First Century Fox Inc., and News Corp.
This change is intended to track the overall market more clearly.
In day trading and swing trading the stock market, forex and futures, volume is one of the few tools used (along with price) that is simply a fact and not an “indicator.” Using volume and price together is important for everyone in day trading, swing trading and investing to understand and master. This video will give you some good insights along those lines.
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One of my mentors told me that I needed to write a book and that he’d keep bugging me until I did.
I resisted because I knew how much work it would be.
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Well, I’m excited to announce that I finally wrote that book and it’s officially published and in the bookstores as of a few weeks ago.
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I have to admit I’m very proud of this work. I poured my over 40 years of trading education into this work, so it’s very comprehensive, practical and real-world.
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