Trend: The Wilshire 5000* lost 36 points (-0.2%) for the week. The daily line was at an all-time high on Tuesday. Thursday saw a significant drop.
The 10-day SMA is now above the 30, 60, and 90-day SMAs. Between July 31, 2006 and March 2, 2007, the 10-day SMA had been above the 30-day SMA, tracking the significant bull run.
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.