• 28 mins China's Most Powerful Weapon In The Trade War
  • 2 hours Can The S&P 500 Shake Off Negative Sentiment?
  • 18 hours Standards Go Out The Window As Employers Struggle To Fill Jobs
  • 19 hours The Two Trillion Dollar Markets Amazon Hasn’t Conquered
  • 20 hours Digital Supermodels Outperform Humans
  • 21 hours France Could Lose Billions In EU Trade Route Redirection
  • 22 hours Beer Giants Are Striking Out With Millennials
  • 1 day What Is Bakkt And Can It Take Bitcoin Mainstream?
  • 1 day Tesla’s Board Delivers A Stern Message To Elon Musk
  • 2 days Bitcoin Could Challenge Gold As Major Asset Class
  • 2 days Google In Talks With Tencent Over Cloud Business
  • 2 days Tech Giants Charge Deeper Into $8 Trillion Healthcare Industry
  • 2 days Lockheed Stock Soars On $480M Pentagon Contract
  • 2 days Ontario Moves To Slow Cannabis Drive
  • 2 days The Tech That Will Shape The Future Of Megaprojects
  • 2 days What Role Will The Saudis Play In Tesla's Private Listing?
  • 3 days Investors Flee Emerging Markets Amid Lira Crisis
  • 3 days Startup Aims To Attract Young Renters With Savvy Tech
  • 3 days The Last Frontier For Artificial Intelligence
  • 3 days EU Companies Struggle To Pick Sides In U.S.-Iran Dispute
Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

Contact Author

  1. Home
  2. Markets
  3. Other

A Reason to be Concerned?

Last week we posted an update on our New Highs fast indicator. We will post it again today, but will NOT repost it again until late April in fairness to our paid subscribers.

The chart below shows one of the ways we measure what is happening relative to New Highs on the New York Stock Exchange.

On March 22nd., the indicator made its first lower/low since early February. That meant that this indicator was showing an increased risk condition as the market attempted to move higher.

Yesterday, the indicator showed that it was continuing to move lower, and if it goes below our horizontal bullish line, the odds are that the market will pull back or correct.

(This chart is posted daily on our Standard subscriber paid site: Section 4, Chart 3.)

SPY Chart

 

Back to homepage

Leave a comment

Leave a comment