• 526 days Will The ECB Continue To Hike Rates?
  • 526 days Forbes: Aramco Remains Largest Company In The Middle East
  • 528 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 928 days Could Crypto Overtake Traditional Investment?
  • 932 days Americans Still Quitting Jobs At Record Pace
  • 934 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 937 days Is The Dollar Too Strong?
  • 938 days Big Tech Disappoints Investors on Earnings Calls
  • 939 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 940 days China Is Quietly Trying To Distance Itself From Russia
  • 941 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 945 days Crypto Investors Won Big In 2021
  • 945 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 946 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 948 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 948 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 952 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 952 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 953 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 955 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Silver and Silver Stocks Spring Into Life

A Moment of Respect ...

Last night, Mark Haines of CNBC died unexpectedly after 22 years of service. At this time, we would like to extend our condolences to Mark's family and friends.


 

For today's update, we will look at the NYSE's New Lows.

If you think about it, when New Lows continue to increase day after day, then investors are bailing out of their stocks in despair.

The worse of the 2008 and 2009 Bear market drops occurred when the NYSE's New Lows were ABOVE 50 per day. A quick look at today's chart, and you will see that to be the case.

Is there a "gray area" where the New Lows depict a condition where the market will pull back or correct?

The answer is yes, and that value is in between 28 and 50. When the New Lows are in that range, the market is under pressure as investors are taking profits, moving out of certain sectors, or reducing exposure.

What could be considered a Bullish level?

Any daily number under 28 should be considered bullish, and the safest and strongest market moves generally have New Lows below a daily reading of 10.

Obviously, this indicator is more useful in conjunction with other market data, but even by itself ... the New Lows gives you a good indication of what the currently investor behavior is.

SP 500 SPY Chart

 

If you have not signed up for our FREE daily market emails, you can do so at this link in less than 10 seconds: Free Daily Updates

 

Back to homepage

Leave a comment

Leave a comment