• Lots Of New Lows Are Accompanying The Market's New Highs

    16 days ago - By ETF Daily News

    From Dana Lyons : Despite the fact that the major averages are hitting 52-week highs, we are observing a proliferation of New Lows among individual stocks - a condition that has proven disadvantageous at times in the past.
    In recent weeks, we have discussed the phenomenon that we call the “junkie market”. That refers to a market in which the major averages are at or near 52-week highs while, at the same time, there is an abundance of both stocks hitting new highs as well as new lows. This is a condition that we have found to occur, often times, near market tops of some significance. There...
    Read more ...