Russell 1000 Index
The Russell 1000 index measures the performance of the 1,000 largest companies in the Russell 3000 Index. The companies in the Russell 1000 index represent about 92% of the total market capitalization of the Russell 3000 Index.
Open-high-low-close quotes (also OHLC quotes) are typically used to illustrate movements in the price of the over time. Open-high-low-close quotes are represented on a chart by bars (bar charts). Each vertical line on the chart shows the price range (the highest and lowest prices).
Open-high-low-close quotes are used in technical analysis to build price-based indicators. The majority of the technical studies are based on the close price of the (Moving Average, MACD, RSI, TRIX, etc.). Still, there are a number of important technical indicators (especially volatility indicators) that use open, high and low quotes. Some technical analysts prefer to use typical price instead of close price (quote). The typical price is simply calculated as the average of high, low and close quotes.
When analyzing and monitoring index quotes, it is important to have access to index volume and index Breadth (Advance Decline) data. Without volume and Breadth data you cannot evaluate fully an index sentiment.