Persistent selling has resulted in an unprecedented stretch of elevated levels of New 52-Week Lows. One of the most noteworthy aspects to the ongoing stock…
Tagged New Lows
A Whole Lot Of New Lows For A “Market” Near Its High
While the major indexes remain within arm’s length of their 52-week high, the number of stocks hitting new lows is piling up. Another day, another…
New High-New Low Warning Triggered Again
In early December, we took a look at a variation of the notorious “Hindenburg Omen”, a supposed signal of forthcoming trouble in the market. For those…
Chart: Market Near High But Substantially More New Lows Than Highs More color in our post from earlier today. ________ More from Dana Lyons, JLFMI and My401kPro.
Internal Cracks Threaten Stock Market’s Foundation
Market technicians are often accused of data manipulation when implementing historical tests. Through data-mining, curve-fitting, goal-seeking and the like, the complaint is that, intentionally or not, the…
Is The Abundance Of New Highs AND New Lows A Bad Omen For Stocks?
Maiden voyage of the USS Akron Market analysts sometimes like to attach colorful names to an indicator or set of financial conditions. This is likely in…
Freaky Friday: More Disturbing Behavior From The Stock Market
A few weeks ago, we dedicated a post to the unusual behavior in the stock market on November 13. Although the major indices closed the…
UPDATE: The Most Significant Trendline In Equity Land = BROKEN On September 25, we presented what we termed, The Most Important Trendline In Equity Land, namely…
Despite yesterday’s rally, New Lows made 52 week highs
In the midst of the moonshot stock rally yesterday, something unusual happened. The number of New Lows on the NYSE (and Nasdaq) expanded to a…
The Most Important Trendline In Equity Land: New Highs-New Lows The problem with trendlines is that they are usually subjective. Rarely are they cut-and-dry. And…