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Cycle Trading

The 1/12/16 Morning Report

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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.

spx

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 response to “The 1/12/16 Morning Report”

  1. castelmere Avatar
    castelmere

    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?

    Reply

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