Don't Ignore This Chart!

New Highs Still Outpacing New Lows

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From the pre-defined scans page, the number of new 52-week highs continues to outpace the number of new 52-week lows. This is true for the Nasdaq, NYSE, Amex, TSE and CDNX. The latter two are Canadian exchanges. New highs are a show of strength, not weakness.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. 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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