15-month simple moving average is nearby for 6 indices - February 6, 2019 -
and the $NYA - NYSE Composite index - is under performing the other 5 indices relative to its proximity to the 15-month sma ..
it is not unusual for $NYA to lag the other indices for a period of days or weeks, based on past history over the years because of the influence of financials, energy and materials stocks within the $NYA ... though eventually catching up to the other indices' performance is usually required for the US equity market to stage an advance with actual staying power
* several indices reside above their 15-month sma, which supports the bullish case while the condition continues
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