Lots of New Highs. No New Lows.

The broadening of market participation and rotation to new leadership certainly helps these indexes.

If it was just Technology, or Mega-cap growth in general, it would be hard for these indexes to make new all-time highs.

But it's not those groups anymore. It hasn't been this year.

We've seen new leadership, as we discussed here.

But you know what continues to stand out the most?

For me, it's the lack of new lows.

You can't have any market correction of any kind without the prices of stocks falling.

And we just haven't seen it this year.

Here's the New Lows Matrix broken down by both Sectors and Timeframe.

On the y-axis we have each of the S&P Sectors, and the x-axis measures the % of stocks in each sector that is making new lows, across time horizons - from new 10-day lows all the way to new 52-week lows:

The big theme that continues to stand out to me is the LACK of new lows, in ANY timeframe.

While many stocks have certainly stopped going up this year, we simply have not seen any start to go down, or stay down for very long anyway.

That's information.

There have been stocks to buy. There are trades that are working very well. And there are new trades we're putting on this week, including in Steel stocks, Chinese Internet and (my favorite) Midwest Mid-caps.

Watch the entire replay of this week's LIVE Call and download all the charts here.

In the meantime, there's plenty going on in Crypto.

Remember, we have a new algorithm we built that notifies us when up and comers are climbing up the leaderboard.

We then match those up with tokens being bought by wallets with the most successful track records.

Remember, since every transaction is on a public blockchain, we have the track records of every single wallet on chain, regardless of the chain.

Pepe has been a great example of a token climbing up the leaderboard (currently #40 largest coin), and being bought by the smart money.

Here is $PEPE near a $3.5 Billion market-cap pushing up against new all-time highs.

There are opportunities in this market environment.

Whether it's in Stocks, Metals and Energy or if it's in Crypto.

There's money to be made.

Start getting your daily ASC Crypto Notes and Trade Ideas here.

JC

It's Time To Make Your Move

Invitations are going out now for our next Portfolio Accelerator event.

It's happening Tuesday afternoon, May 21, through Thursday afternoon, May 23, at the Fairmont Sonoma Mission Inn & Spa in Sonoma, California.

If you speculate, trade, and/or invest, you eat and drink, and you want on-demand access to a team of financial market professionals, this intimate gathering is for you.

Only a few seats are available. Click here to apply.

As always, if you have any questions about recent price action and what's happening with markets right now, you can always drop us an email.