Don't Ignore This Chart!

Net New Highs surge on TSX

With a big move in the TSX Composite ($TSX) over the last two weeks, Net New Highs surged to their highest level since April. Notice that Net New Highs turned positive in early July, strengthened in August and then broke above +50 in late August.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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