It is interesting to see the new uber highs occurring day after day on the NYHL. Of course it goes hand and hand with new all-time record highs in the major stock indexes. Novice investors are buying tech stocks with both hands while the entire market is goosed higher on Federal Reserve money-printing (monetary stimulus) and Congressional easy money (fiscal stimulus). If you are new to trading, you must realize this is fantasy land that you are watching. If long, get yourself out before you get hurt.
Note the spike higher in NYHL occurred exactly at the September top; now we are blown up into the stratosphere a Million Miles Away.
Keystone posted this chart a couple weeks ago but it may have been longer, probably as December began, so the new highs keep outpacing the new lows. The world is awash in liquidity; money is laying everywhere so folks pick it up and buy stocks. The party is in full swing with bullish sentiment off the charts. Every last stock market bear and dollar long has given up all hope and left town.
The bulls are busy buying stocks, then selling them to each other, then buying them back again. As long as there is a bigger fool, the party can go on forever, however, if you look around, and keep asking for someone to buy your shares, and no one wants to buy your shares, you sir or madam, are the fool.
We are at an epic stock market top as 2021 begins and we will find out if it is down and out for the count now, or, down for a few-week slump, then back up for a few-week rally to existing record highs again, say in February, then THE top occurs and the party ends. Are you prepared? Choose your poison. 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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