Saturday, January 7, 2017
NYHL New Highs-New Lows and NYA NYSE Composite Weekly Charts
NYHL is elevated above the red line. The red circles show market tops and the green circles show market bottoms. Tops occur when the euphoria drives many more stocks to new highs with few new lows. Bottoms occur when excessive selling produces far more new lows than new highs. Note that the stock market has not had a significant selloff (NYHL under -300) in one year's time; it's long overdue. What do you think will happen? 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.