Score: +0 Tuesday’s profit taking put the new highs from their perfect bear score column setting into the neutral camp as we wait to see which way the market will follow through. Prints higher than today’s close should give us another day of allowed weakness for the bulls after such a strong thrust...
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Score: +6 Perfect bull score as the NYSE recovers from its one day a slacking on Thursday. The next three days are gifts as weakness in price action will at least keep the 52 week new highs neutral. If the bull is real a new push to higher highs will have to happen...
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![52 Week new high rebuilding strength.. $study [chart]](http://redliontrader.com/wp-content/uploads/52Weeknewhighrebuildingstreng.studychart_13082/image_thumb.png)
Score: +2 52 Week new highs turned back to the bullish side. Well slightly. The NYSE has a neutral score but a higher high tomorrow should put it into the bull column. Nasdaq was disturbingly weak today. It eked out a neutral score and will need a good run on Friday to push...
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![Monday’s gap put the 52 Week new highs into the bulls column.. $STUDY [chart]](http://redliontrader.com/wp-content/uploads/Mondaysgapputthe52Weeknewhigh.STUDYchart_F0F8/image_thumb.png)
Score: +4 The close certainly was not encouraging for the bulls, but we did add new highs, even into the close today. Tomorrow we will have to rally up to SPX 1081 again to keep the score bullish. It really could be just a one day wonder as the cycle now become more...
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![52 Week new highs are neutral from Thursday’s weakness.. $STUDY [Chart]](http://redliontrader.com/wp-content/uploads/52WeeknewhighsareneutralfromT.STUDYChart_63C3/image_thumb.png)
Score: 0 Thursday’s price action stunted the 52 week new highs but despite the downdraft the NYSE was able to eke out 136 of them. The RUT was the weakest with just 3 new highs. That makes two down days in a row. The momentum for new highs however remain in a positive direction...
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Score: 0 52 week new highs on Wednesday were not bad but there were not strong enough to keep their bull score. Unable to put in higher days on all three indexes. The momentum indicator is still turned up so we keep a neutral score on the 52 week new highs. Video: How to...
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Score: +4 Tuesday’s market has the 52 week new highs on all indexes closing on higher bars. That makes 4 days in a row that new highs have come in stronger. It was Monday’s convergence that made me comfortable that we could break out to the upside today. Now tomorrow needs to follow...
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Score: 0 The 52 week new highs have not been strong enough to turn the momentum indicators to score that bullish score but if they put in yet another higher bar like they did today they will push the indicator into the bull column. For now this indicator remains neutral. Nasdaq and Rut...
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Score: 0 52 Week new highs moved to the neutral column from the bear column. Then NAZ now has two days of higher highs. The bullish divergence (stronger breadth but weaker index) is a sign of a bounce that should occur in the next couple of days (I thought Friday but postponed to...
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Score: +3 It takes an exact daily match to put in an odd score and the RUT 52 week new highs matched Wednesday’s exactly. All three indexes now have rising momentum with the Nasdaq putting in a higher daily and the NYSE coming in weaker and the RUT a match. Video: How to interpret...
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