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June 13, 2024

Is Bullish Momentum Fading? (The Truth)

Hey, it’s Ross Givens here with the Chart of the Day. Today’s chart shows the net new highs over lows for stocks in the Russell 3000 Index – covering over 95% of the U.S. investable stock universe – across one, three, six, and 12-month time frames. You can see that net new highs have outpaced new lows in all these periods. Plus, the shorter the time frame, the bigger the number of net new highs, suggesting increasing bullish momentum. Don’t let the bears sway you. Keep playing the bull market.

June 13, 2024 No Comments

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