52 Week new highs continue their stair stepping ascent.. Bullish.. $spx [chart]

July 23, 2010
By

Score: +6

 

Here comes the NYSE now adding up those 52 week new highs.  172 on Thursday.  We need the RUT and NASDAQ to begin carrying some of the load but they are heading in the upward direction and so is the market for now. 

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Video: How to interpret 52 Week New Highs

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