• The “Junkie Market” Is Back Again

    10 days ago - By ETF Daily News

    From Dana Lyons : An abundance of New 52-Week Highs AND 52-Week Lows has been a warning in the past.
    Today's Chart Of The Day looks at a phenomenon that we've highlighted in the past on several occasions and which we have termed, “the Junkie Market”. The idea is a simpler offshoot of the notorious “Hindenburgh Omen”. Essentially, it describes a condition in which there are relatively large numbers of both new 52-week lows and new 52-week highs. In the past, such occasions have often occurred within close proximity of market tops.
    As today's chart reveals, we just experienced a relatively...
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