General market lab and commentary Message Board

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Strategies & Market Trends : General market lab and commentary

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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From: Robohogs	3/29/2016 11:53:37 PM
	of 668

New highs across most indices for the year. Interesting, in one private chat room, a bear posted charts. Every new high last year was labelled as higher high until September, and then all new highs labelled lower high. He made sure to catch minor new highs last year. This year he labelled new highs lower even post the W. By definition, highs past the W were higher highs - comparison is to last high. He was similarly marking lows. Despite what permabears are saying, trend on ST to LT basis is up currently. The 200 slope is down but mkt is above. We have higher lows and highs. And the 90% of SPX stocks above 50 days is extreme - and surprising to me highly bullish over 1-6 months. Jon

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