LONG TERM MONTHLY CHARTS

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spy m

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RUT M SPX M



SPX M

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RUT 3000 M LONG TERM



WLSH M

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GILD M

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Net New 52-Week Highs
Introduction


Net New 52-Week Highs is a simple breadth indicator found by subtracting new lows from new highs. “New lows” is the number of stocks recording new 52-week lows. “New highs” is the number of stock making new 52-week highs. This indicator provides an immediate score for internal strength or weakness in the market. There are more new highs when the indicator is positive, which favors the bulls. There are more new lows when the indicator is negative, which favors the bears. Chartists can analyze daily fluctuations or a moving average can be applied to create an oscillator that meanders above and below the zero line. Net New Highs can also be used like the AD Line by analyzing Cumulative Net New Highs.

Conclusions


Even though Net New Highs is a lagging indicator, it can be a valuable tool in overall trend identification. Smoothing the indicator with a 10-day SMA reduces insignificant movements to focus on the general trend. The underlying index favors the bulls when the smoothed Net New Highs line is positive and the bears when negative. Armed with this information, chartists can define a trading bias when looking at other indicators and aspects of technical analysis. An index with a bullish bias would warrant a preference for bullish signals or signals in the direction of the bigger trend. Conversely, an index with a bearish bias would warrant a preference for bearish signals.



http://stockcharts.com/school/doku.php?st=new+highs&id=chart_school:technical_indicators:net_new_highs

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TLT M

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TZA M

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TNA M

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WAVX M

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MNKD M

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KOL M

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SWKS M

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DXCM M

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X M

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AAPL M

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RUT M

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SPX M

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INTRO
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WLSH M

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IMV M

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This board contains only long term monthly charts