This doesn't mean the NYSE is going into a Bear Market, but it sure looks like a serious head-wind.
NYSE New Lows in a Bull Market
Started by
OEXCHAOS
, Dec 16 2024 09:23 AM
5 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 16 December 2024 - 09:23 AM
Mark S Young
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#2
RadioHead
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Posted 16 December 2024 - 10:05 AM
We will probably run into problems within a month or two. It hurts to be bearish too early. But you are correct: there are signs showing up.
#3
fib_1618
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Posted 16 December 2024 - 02:01 PM
First chart is the cumulative chart of new highs, new lows for perspective.
Second chart is the latest on the ISEE data on a 10 day moving average.
Fib
http://technicalwatc.../nyhl121324.png
http://technicalwatc...10day121324.png
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#4
OEXCHAOS
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Mark S. Young
Posted 16 December 2024 - 04:26 PM
I've been watching that ISEE 10-day for some time now. Amazing, but not as telling as I would have thought.
I think it's early, and the time of year is Bullish.
M
First chart is the cumulative chart of new highs, new lows for perspective.
Second chart is the latest on the ISEE data on a 10 day moving average.
Fib
http://technicalwatc.../nyhl121324.png
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on X
#5
steadyquest
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Posted 19 December 2024 - 03:47 PM
This would put a little fear back into the market and wake the bears from their long slumber. As for seasonality, what better time to prey on investors' expectations?
#6
steadyquest
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Posted 23 December 2024 - 08:51 PM
It could be different this time. Corporations (products and services), employers (payrolls down, wages up) and equities could continue seamlessly pricing-in the understated persistant inflation required to support our phony GDP.
https://www.dlacalle...lation-in-2025/
The relative strength of the dollar has been our saving grace. Wonder how long before the world sees through the fed's hawkish bluff? Maybe it doesn't matter since Europe appears on the verge of collapse and China on the verge of japanification - while the USA is said to be entering the 'golden age of Amerca'.
