Sector Investing

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Okay guys now that I have reliable data I can say with certainty that if you were not worried about the state of the market then you should be now. A few months ago I read an article which I shared here that stated that the average number of new highs on the NYSE was about 6% at the past major market tops between 1929 and 2000.

http://www.financialsense.com/contributors/chris-puplava/hindenburg-omen-imminent-warning-hot-air

I have been watching the number of new highs at each of the most recent highs but I was looking at data that I now consider inaccurate. Now that I am pulling data from the WSJ site (Thank you Sr K) you will see only 5.6% of stocks traded on the NYSE hit new highs on the latest high hit by the DJIA on April 4th.





Here is the site where I am pulling the accurate data from the WSJ:

http://markets.wsj.com/usoverview

If you are long in this stock market you might just be well advised to pull some coin off the table in my opinion.

JMHO, RtS