In bull markets you’ll see a lot more stocks making new highs than new lows.
In the current market environment we’re used to seeing the opposite.
Here’s an update on how that’s going. For those of you keeping track at home, we’re now going on 34 consecutive weeks of more stocks making new lows than new highs:
What’s an investor to do in this situation?
Well for us, this helps put the current market environment into perspective. Market breadth, similar to sentiment, is what we use to identify the environment.
And then we can figure out the potential catalysts to turn things around.
Now remember, by “Catalysts” we’re not talking about news or events. We’re specifically referring to the drivers of these asset prices.
We’ll talk about all these major trends and much more Monday, July 18, at 6:00 p.m. ET, during our July 2002 Mid-Month Conference Call for ASC Premium Members.
Click here for complete registration details.
If you can’t make the live call, we’ll publish the recording and the chartbook by Tuesday morning.