52 Week new highs double on Nasdaq and Rut.. $spx [chart]

Score: +6

 

Friday surprised a lot of bears and even bulls.  The 52 week new highs took a spike on the RUT and NASDAQ doubling over  Thursday’s number.  My anecdotal look at first glance is that we could expect another follow through day on Monday.  I will put together some 10 day trade tests and see where we fall so stay tuned.

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Video: How to interpret 52 Week New Highs

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