New highs vs new lows still at relatively benign levels
15 week moving average of New highs minus new lows for NYSE. Readings below zero not been kind for SPY.
Updated look at a previous chart of the NYSE New High minus New Lows. Displayed on the chart is the 15 day moving average. The 15 day average recently has turned lower at a similar point as in 2011. In 2011 after turning lower, SPY went on to make a new low for that pullback. Whether a 2011 type correction or something much larger is coming, the NH's-NL's...
Breadth Deteriorated Sending a Serious Bearish Signal (6) The different between NYSE stocks making new highs and stocks making new lows spiked sharply lower, indicating a strong bearish internals behind the selloff. For a clear description of what that could mean, please read the observations marked on chart.. (7) Another breadth indicator which is the stocks...
NYSE new highs ( INDEX:HIGN ) - lows ( INDEX:LOWN ) shows a recent downward trend (red linear regression trend line) and the smoothed moving averages threatening to fall and remain below 0. We'll see whether this recovers like it did the the last quarter of 2014. This is not yet enough to become bearish, but it's certainly a warning to pay attention in the weeks...
Market Breadth HIGN/SPX: The number of Stocks contributing to new highs continues to deteriorate and we haven't seen any improvement despite the gradual upside seen in Stocks indices.. This is the percentage of stocks on the New York stock exchange making new highs divided by the whole spx. The breadth shows that the bull market continues to be driven by...
When you look at the NYSE New Highs - the pattern is to retest the price zone where you see at least 260 New Highs. We are doing the test of the November buying wave here for a 3rd time. The pattern has always been: 1. Make new highs 2. Sell off and spike up VIX 3. Make new highs 4. Sell off and spike up VIX Either way, we didn't get a new high after the...
The number of Stocks contributing to new highs continues to deteriorate. This is the percentage of stocks on the New York stock exchange making new highs divided by the whole spx. The breadth shows that the bull market continues to be driven by fewer and fewer stocks, as the spx breaks to new highs however fewer and fewer stocks on the NYSE making new highs,...
Update to previous chart linked below Looking at a moving average of the NYSE New highs minus new lows. My thoughts in the first chart were that observing the prevailing trend of the moving average would give clues to the health of the market. If the prevailing trend of New High-New Lows holds, the current pull back may be short lived. A break here similar to...
Something I just started looking at, maybe it could add some clues as to whether this recent pullback and sharp rally are a part of a topping process or setting the stage for a new leg higher. The upper indicator is the 10 day MA of the New highs - new lows. I decided to use a ma of the underlying indicator to smooth out some of the spikes and to see if any...
Maybe its just the beginning... I am examining the market breadth by subtracting the number of NYSE stocks making new highs from the stocks making new lows, the study points to a potential major reversal could be at hand... If for example: -500 stocks making new highs and only 20 stocks making new lows then we will get a 480 stocks sum, and there for the index...