Score: -6 The bulls lost the daily and the upward momentum on the 52 week new highs on Friday and now all is pointing in the downward direction. The Russell 2000 was particularly alarming with a dismal 3 on the day. The 52 week new lows perked right up and are once again eclipsing...
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Score: +2 Despite Thursday’s strange price and market action spending most of the day on the low side, the NYSE was busy quietly putting in new 52 week highs and in doing so managed to outpace both Wednesday and the 5 day moving average. The Nasdaq and RUT succumbed to the selling pressure...
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Score: +6 Tuesday’s strong market action had the bears on the run and continued to strengthen the 52 week new highs on all three tracked indexes. We got a couple of warning shots yesterday between the NYSE missing on the daily bar and the 40 DPI index going to near neutral. But all...
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Score: +4 NYSE put in a neutral score.. unable to surpass the previous days (Friday’s) numbers. The RUT and NASDAQ continue to build but we are still putting in more new 52 week lows than highs on both those indexes. There is a little warning here to perhaps shave some longs if you are...
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![52 Week new highs continue to build bullish strength [chart] $SPX](http://www.redliontrader.com/wp-content/uploads/2010/07/image_thumb44.png)
Score: +6 Another follow through day and a push into the close continues to help push up the 52 week new highs. Building strength is good. . There are some worries here still has 52 week new lows on Nasdaq and Russell are still stronger than highs. The NYSE has turned...
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Score: +6 The 52 WNHs have aligned. The low counts on the Rut and Nasdaq are a little disturbing here considering we have moved quite a bit from the lows. I would expect to see us ramp those numbers up even if we get a slightly weaker day. That would be really bullish. ...
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![52 Week new highs need to fix themselves to trigger bullish $SPX [Chart]](http://www.redliontrader.com/wp-content/uploads/2010/07/image_thumb29.png)
Score: +2 Tuesday’s gap opening did a job on new highs and we are still recovering.. Despite Wednesday’s strong performance (as opposed to yesterday’s weak afternoon) the 52 Week new highs did not move totally into the bulls column. The NYSE was not able to eclipse its daily bar although it did keep...
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![52 Week new highs put in a nice showing on NYSE – $SPX [Chart]](http://www.redliontrader.com/wp-content/uploads/2010/07/image_thumb21.png)
We have been building 5 days straight now the NYSE and it put in enough to move or momentum indicator. The Nasdaq and RUT put in higher days but still lacked the strength of 5 days ago so remain in neutral. Score: +2 Video: How to interpret 52 Week New Highs
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![52 Week new highs – $SPX [chart] still very weak.](http://www.redliontrader.com/wp-content/uploads/2010/07/image_thumb12.png)
Score: -4 Friday’s price action left the new 52 week highs in a mixed state with the NYSE dead neutral in both daily and momentum but the Nasdaq and RUT in a bearish state. Video: How to interpret 52 Week New Highs
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Score: -6 So disappointing after building what might have been a recovering bottom the fragility of the markets shone through and the work of the last 5 days was flushed out with it. There is some interest to note that we did not loose all our new highs and they were higher than four...
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