Still an Up Trend On New Lows?

By: Marty Chenard | Wed, Nov 26, 2014
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November 26th Update: New Market Highs with New Lows Up Trending at the Same Time?

Today's chart show's the updated NYSE New Lows. The good news is that the VIX broke a support yesterday (a market positive), while the NYA New Lows did not break its thick red support line (a market negative).

See the NYA New Lows chart below for what is going on.

So, net/net, these two conditions are in conflict and the market is not in total agreement yet.

Note: A Happy Thanksgiving to each of you and to your families.

NYSE New Lows

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
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