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Trading Lessons

This Stock Market Indicator Had a "Green" Rating Yesterday

Stock-Markets / Stock Index Trading Mar 02, 2010 - 01:19 PM GMT

By: Marty_Chenard

Stock-Markets

Yesterday, the rise in the number of New Highs on the New York Stock Exchange reflected an increasing appetite for stocks and buying by investors.

Although we monitor and post nearly 3 dozen charts on our paid site every day, there are 9 specific charts that measure the "underlying fundamental" conditions of the market, and the number of New Daily Highs is one of them.


Each of those 9 charts/indicators have an associated Red/Yellow/Green daily rating showing their individual conditions.

At the close yesterday, the New Highs Indicator received a "Green Condition" rating because it closed at 297. On today's chart (seen below), a minimum of 100 is a very important level in a rally. 150 is what I want to see, so 297 is a strong reading.


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By Marty Chenard
http://www.stocktiming.com/

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages . I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information

Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools.  As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL.  He is an advanced technical analyst and not an investment advisor, nor a securities broker.

Marty Chenard Archive

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