$COMPQ - Chart Link - we already have a
variation on this one, however I made a clean simple version of the
Nasdaq along with the indicator showing the new 52 week highs and
52 week lows
when plotted this way it really stands out the major bottom in
October when the 52 week highs formed a much higher high than you
had during the August highs even though prices were so much
higher.
You also had a divergence in the 52 week lows indicator in
December when this indicator made an obvious lower high
also just recently whenever the Nasdaq closed outside its upper
Bollinger Bands, the New Highs indicator was also outside its upper
bands - was a really good overbought reading
Nice clean chart that I added to the indicator list
Posted by matt on 20th of Feb 2023 at 11:01 am
$COMPQ - Chart Link - we already have a variation on this one, however I made a clean simple version of the Nasdaq along with the indicator showing the new 52 week highs and 52 week lows
when plotted this way it really stands out the major bottom in October when the 52 week highs formed a much higher high than you had during the August highs even though prices were so much higher.
You also had a divergence in the 52 week lows indicator in December when this indicator made an obvious lower high
also just recently whenever the Nasdaq closed outside its upper Bollinger Bands, the New Highs indicator was also outside its upper bands - was a really good overbought reading
Matt, could you add a
Posted by junkie on 20th of Feb 2023 at 11:40 am
Matt, could you add a chart of SPX with TLT plotted on the same pane for swift comparison in your newsletter, please?