Where Are The New Highs?

JC Parets
December 7, 2022

In Bull Markets we see more stocks making new highs.

That's just math right?

And when we talk about new highs, you'll often hear people discussing the new 52-week high list.

Until recently, this list was almost non-existent.

So while there's definitely a ton of more action there, we should really be seeing an expansion in new 1-month highs and new 3-month highs.

Crawl before you walk.

If this stock market rally has legs, more new highs is just mathematically necessary for that to occur.

It's a market of stocks.

Here's the 3-month high list on the New York Stock Exchange. An expansion in upside participation will go a long way in proving that, yes, in fact the path of least resistance is higher:

63 days is approximately 3 quarters of trading.

21 days is about 1 month.

We're waiting for a similar thrust here, but haven't seen it yet:

So I ask: Where are the new highs?

This is one of the important topics we discussed on this week's Live Strategy Session.

If you're interested in what we're doing about it, make sure to watch the entire 75 minute video. It's everything you need to know: Stocks & Sectors to focus on, which ones to avoid, and all of the intermarket work that goes behind those decisions.

Every single trade is explained in detail: Our ideal entry and our profit target.

Please let me know if you have any questions, but I pretty much laid it all out for you.

Let's get it.

- JC

 

Filed Under: