Friday, May 30, 2014

NYHL New Highs-New Lows Daily Chart

The green circles show the stock market bottoms when it is time to buy. The red circles show the market tops when it is time to sell. As price hits or nears the standard deviation lines the tops and bottoms are signaled. The new lows appearing on the chart in mid-December and early February identified the market bottoms. What do you think will happen going forward?

The stock market continues to make new highs at the end of 2013, and then a March top, another late March top, then more market tops into the current all-time high print in the SPX yesterday at 1920.03, while the NYHL drops. The number of new highs are decreasing and number of new lows are increasing as the stock market prints new highs and this is a multi-month trend. In a robust stock market, the number of new highs should be increasing and the number of new lows should be decreasing; the opposite of what is occurring. Watch your wallet. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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