2005 is well underway now and some important technical trends are developing on the year-to-date charts.
As you can see on this PerfChart, since the start of the year, the energy-heavy AMEX index has outperformed the other benchmarks significantly. The Dow, the NYSE, and the Large-Caps are clustered around the break-even point and the small-caps and tech-heavy Nasdaq have both had significant losses so far.
Will these trends continue? And if so, for how long? These are the questions that our commentators try to get a handle on during the rest of this issue. First, John Murphy