• 312 days Will The ECB Continue To Hike Rates?
  • 313 days Forbes: Aramco Remains Largest Company In The Middle East
  • 314 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 714 days Could Crypto Overtake Traditional Investment?
  • 719 days Americans Still Quitting Jobs At Record Pace
  • 721 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 724 days Is The Dollar Too Strong?
  • 724 days Big Tech Disappoints Investors on Earnings Calls
  • 725 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 727 days China Is Quietly Trying To Distance Itself From Russia
  • 727 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 731 days Crypto Investors Won Big In 2021
  • 731 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 732 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 734 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 735 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 738 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 739 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 739 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 741 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

What Yesterday's Fear Didn't Have

When fear nudges its way into the market, panic selling often appears.

But what if there is a rash of selling, and the level of daily New Lows on the New York Stock Exchange barely budges?

That is pretty much what happened yesterday when the New Lows went from 21 on Monday to only 30 on Tuesday.

  • Strong rallies have New Lows below 28, with 10 or below being particularly strong.

  • Slightly above 28 needs to be watched, and a level of 40 to 50 can be associated with a market weakness condition where the potential for further deterioration can occur very fast.

  • Above 50 is trouble and you should be prepared for a dropping market.

Many investors would have guessed that the New Lows were above 50 yesterday, but they weren't.

In fact, they were only at a level of 30 at the close. Being only 2 points above our 28 level essentially comes in at a Neutral level.

It is 12:30 PM as I write this ... so what about today? Well, at 12:30 PM, the New Lows were at a healthy 11. So, the sky wasn't falling either yesterday or today.

S&P 500 SPY Chart - New Lows actual daily values


Back to homepage

Leave a comment

Leave a comment