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Chart of the Week: Nasdaq 52 Week Net New Highs

Posted By Barry Ritholtz On July 19, 2004 @ 2:41 pm In Finance | Comments Disabled

The raw net new high index is below the May levels that recorded the NASDAQ’s most recent trough and the 10-day series (orange line) is also below the zero line.

Mixed Picture: Nasdaq 52 Week Net New Highs
Click for Larger Chart
nasdaq_52_week_net_new_highs [1]
Source: Technimentals [2]

While this is suggestive of oversold levels, it also is a sign of tape weakness.

Random Items:
Earnings woes unsettle Silicon Valley [3]
Why Dollar Worries May Be Just a Distortion [4]
Market Forecast Takes a Long View, and a Dismal One It Is [5]
9/11 Commission Finds Ties Between al-Qaeda and Iran [6]
In defense of lawyers [7]
The Man Who Invented Flying Saucers [8]
Enron, Texas, and the Upcoming Election [9]

Quote of the Day
“As I’ve said many times: the future is already here; it’s just not very evenly distributed.”
- William Gibson [10], The Science in Science Fiction


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2004/07/chart-of-the-week-nasdaq-52-week-net-new-highs/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/comments/images/nasdaq_52_week_net_new_highs.html

[2] Technimentals: http://www.technimentals.com/cgi-bin/mesh/research/ TARGET=

[3] Earnings woes unsettle Silicon Valley: http://www.mercurynews.com/mld/mercurynews/business/9183481.htm

[4] Why Dollar Worries May Be Just a Distortion: http://www.latimes.com/business/la-fi-flan18jul18,1,5081881.column?coll=la-headlines-business

[5] Market Forecast Takes a Long View, and a Dismal One It Is: http://www.nytimes.com/2004/07/18/business/yourmoney/18stra.html

[6] 9/11 Commission Finds Ties Between al-Qaeda and Iran: http://www.time.com/time/nation/printout/0,8816,664967,00.html

[7] In defense of lawyers: http://cbs.marketwatch.com/news/story.asp?guid=%7BD6423FEB%2DC586%2D415E%2DBF72%2DE169AA35AD93%7D&siteid=mktw

[8] The Man Who Invented Flying Saucers: http://www.antiqillum.com/glor/glor_005/saucermythos.htm

[9] Enron, Texas, and the Upcoming Election: http://billmon.org/archives/001593.html

[10] William Gibson: http://discover.npr.org/features/feature.jhtml?wfId=1067220

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