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Net New Lows


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#1 OEXCHAOS

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    Mark S. Young

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Posted 11 June 2024 - 08:50 AM

The weekly trend on NYSE New lows is up. I'd not call that a surgical tool (what weekly indicator is?), but it's not Bullish.

NewLowsNYSE06-09-24.jpg


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#2 Rogerdodger

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Posted 11 June 2024 - 10:56 AM

Mike Burk's seasonality for last week was historically very strong, however...
OTC NH failed to confirm the, all time, new index high.
NY NH also failed to confirm the SPX all time high.
All the NY SI’s (Summation indices) are heading south.
OTC HL SI  joined the other SI’s in their declines.
OTC HL Ratio remained in modestly negative territory.

Above-Green-Line.jpg


Edited by Rogerdodger, 11 June 2024 - 11:07 AM.


#3 OEXCHAOS

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    Mark S. Young

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Posted 11 June 2024 - 12:04 PM

Yeah, so much is negative, it's probably time to rally!

 

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#4 12SPX

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Posted 11 June 2024 - 02:09 PM

I'll go by the calls that are absolutely insane today everyone is bullish going into the close, way to much!!