Don't Ignore This Chart!

Energy Sector Weighs on Amex in May


Of the five broad market indices, the Amex is the weakest due to declines in energy related shares this month. The Amex is heavily weighted towards the energy sector. The NY Composite ($NYA) is the second weakest index. $NYA is heavily weighted towards the finance sector, which has also been weak in May.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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