From Dow Jones & Company:



The S&P 500 equal-weighted index ETF (RSP) achieved a “golden cross” on Tuesday, indicating a positive shift in its long-term trend. This could lead to more gains for the index as several Wall Street strategists predict a continued catch-up rally. The ETF has experienced a 16% rally since November 1st, outperforming the traditional market capitalization-weighted S&P 500.

On the other hand, the U.S.-traded crude oil futures experienced a “death cross” on Tuesday, and small-cap stocks in the U.S. and Europe are on the verge of achieving golden crosses of their own. Additionally, the euro and the Stoxx Europe 50 are also creeping toward golden crosses. Furthermore, yields on benchmark European bonds are nearing death crosses.

The article emphasizes significant technical indicators in various markets, such as golden and death crosses for different assets and securities, suggesting potential future trends and market movements for investors to consider.



Read more: Equalweight S&P 500 and handful of key market gauges at or near ‘golden cross’