2015 Shaping Up as Worst Year Since 2009
52-Week Low vs High #s Worst Since 2009
Most Negative Days Since 2008
Another useful tool for analyzing an index of your selection universe is a comparison between the number of issues establishing new 52-week high ground vs. those sinking to new 52-week lows. The longer the numbers are overwhelmingly positive, the more likely it is that a correction is approaching.
Superficial analysis is very straight forward --- there should be more new highs in an upward trending market and more new lows during a correction. Typically, New Highs vs. New Lows is the last market statistic to weaken...
- Since April '09, months with more new highs have exceeded months with more new lows by unprecedented margins... until the past few months.
- Unfortunately, we will be unable to provide IGVSI only numbers going forward, but you can obtain them at Barchart.com with no expense.
Will you take your stock market profits and/or increase your income this time, as the biggest rally in the history of mankind struggles to survive 2015? 401k and Mutual Fund managers rarely take profits... AND absolutely never even think about "INCOME".
The New High and New Low issue stats from BarChart.com should be used in conjunction with the IGVSI daily watchlist to identify weaker and/or stronger sectors within the selection universe --- very important in helping investors determine where the bargains are and where the profit taking opportunities should be.
Remember to be quick on your profit-taking feet, using the two 7's beats one 10 "Brainwashing Book" strategy. The correction you've anticipated may "restart" at any time --- there has never, not ever, been a permanent upward only stock (or bond) market.
What's this all about? Check your copy of "Brainwashing" or contact Steve at the number below or at: sanserveataoldotcom
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