New Highs
- Posted by Chart.ly
- on March 9th, 2010
The $SPX has made it all the way back to within 10 points of the rally highs seen in early January. @johnsontrading posted this chart last night which shows how many S&P 500 stocks are making new highs now vs new highs on 1/11/10. This is an important measure of breadth, showing the overall participation in the rally. A significant divergence in this measure over the coming weeks will be a negative tell on the market. Make sure to stay updated on this chart.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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