The NYSE Explodes and Here's Why It Matters: StockTwits.com

NEW YORK (TheStreet) -- Tuesday, the S&P 500  hit a new all-time and it's making headlines everywhere. But a certain chart was shared at the end of the day on StockTwits and it could be even more profound than the S&P 500's record high. It could also be a remarkably bullish signal for U.S. markets.

The NYSE Composite Index is an index comprised of every single stock listed on the New York Stock Exchange. That means it measures more than 2,000 companies listed on one of the world's most iconic exchanges. Today, that index also hit a new all-time high and closed at 10,584.31.

This all could be interpreted as a powerful statement about market breadth -- not only did the S&P 500 hit a new all-time high today, but so did the enormous NYSE Composite Index. We shared the original chart that caught our interest below, but we also want to hear from you. Is this is a major breakout everyone should be aware? Take a look: 


$NYSE $NYA $SPX In other news, the NYSE Composite broke out to new ATH today... http://stks.co/g0SYO

- Robert Lesnicki (@TraderRL23) Apr. 1 at 06:48 PM

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

More from Opinion

Nasdaq Exec: Exchange Is 'All-In' on Using Blockchain Technology

Nasdaq Exec: Exchange Is 'All-In' on Using Blockchain Technology

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry

It's Dumb to Think Legalizing Weed Is Still a Political Issue

It's Dumb to Think Legalizing Weed Is Still a Political Issue

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters