Trend: The Wilshire 5000 lost 159 points (-1.1%) for the week. The 10-day SMA has crossed under the 30, 60, and 90-day SMAs. (The 10-day SMA had been above the 30-day SMA since early August 2006, tracking the significant bull run.) The 30-day SMA is starting to decline.
We track the the movement of the Wilshire 5000 because the market as a whole has a significant influence of the movement of individual stock prices.
The Wilshire 5000 one-year chart below includes the 10, 30, 60, and 90-day simple moving averages.
*The Wilshire 5000
is sometimes called the "total stock market index" or "total market
index" because it includes more than 7,000 of the 10,000-plus
securities that are publicly traded in the United States. All publicly-traded
companies with headquarters in the U.S. that have readily available
price data are included in the Wilshire 5000. Finalized in 1974, this
index is extremely diverse, including stocks from every industry.
Although it's a near-perfect measure of the entire U.S. market, the
Wilshire 5000 is referred to less often than the less comprehensive
S&P 500 when people talk about the entire market.
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