chart: SPY weekly

SPY weekly Courtesy of eSignal

The stock market has been in very wide trading range since late 2014.  Unlike other indexes, the Transports have not made a new high since late 2014, although it has been very strong since Election Day.  
The weekly SPY is a chart to watch carefully as indicators get close to over bought. 
Index funds have had marginal growth.  The investors that watch and act on sector rotation have had better results along with investors that stick with stocks that display the best relative strength(RS).  Drop the stocks with weak RS and buy the stocks with strong RS.  It has been a stock pickers market.

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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results