breadth Archives - All Star Charts

Germany Hits New All-time Highs

December 8, 2023 by JC

The bull market continues to last longer than most people have expected.

Some investors don’t even realized that stocks have been in a bull market. They haven’t bothered to look.

So while the glorified gossip columns are telling you that only 7 stocks are going up, we keep seeing broadening participation in stocks all over the world.

It’s the exact opposite of weak breadth.

Look at the German DAX, for example, going out this week at a new all-time high: [Read more…]

Bull Market Turns 17 Months Old

November 27, 2023 by JC

Think about it. We were told there was a crisis.

We were promised a recession that could come at any minute.

Inflation was going to destroy the financial system.

Instead, European Banks are making new 52-week highs.

I’m old enough to remember when European Banks used to sell off during a crisis.

So if this is a bear market or some kind of credit event situation, investors sure have a funny way of showing it. [Read more…]

New Lows Peaked a While Ago

November 7, 2023 by JC

Everyone knows that it’s a market of stocks.

Sometimes investors forget that there are 500+ stocks in the S&P500, 30 stocks in the DJ Industrial Avg and approximately 3000 stocks in the Russell3000.

This is all free and public information.

But still, investors forget, especially during times when it’s most important to remember.

That’s just human nature.

We take things for granted until we need them the most.

This quarter has been a prime example.

You see, while the S&P500 and other indexes were making new lows last month, the list of stocks making new lows had already peaked in early October.

We discussed the lack of new 52-week lows already.

But here’s a closer look at the new 6-month lows on the NYSE, or lack thereof to be more specific: [Read more…]