The 1/12/16 Morning Report


Last night we discussed how stocks are in their timing band to print a daily cycle low. This morning I want to take a look at another indicator of a cycle bottom.


The number of stocks recording their lowest price level in 52 weeks spiked on Monday.

ny lows

Two observations:

1.) A spike in the NY Lows is a good indicator that a bottom is near.
2.) A spike to this level usually spots a major bottom.


One thought on “The 1/12/16 Morning Report

  1. Hi LM,

    Interesting second chart but I note that the period covered is all within the current bull market. Do you have the same data for the period between a bull market top and a bear market bottom?

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s