[pcabc]

A few large / mega caps keeping the indices up?

       

Evidence:

• The mega / large cap / tech dominated NASDAQ100 is more bullish than the S&P500, itself a large cap index.
  
• I estimate more stocks are in Stage 2 than Stage 4 in the NASDAQ100.
  
• I estimate fewer stocks are in Stage 2 than Stage 4 in the Russell 3000.
  

(Note: My I need to update my lists of stocks I assume to make up these indices, but I think my results should be broadly correct).