52-Week Highs Outnumber Lows In An Overbought Market

Bespoke Investment Group 48.86K Followers Follow Summary The net percentage of S&P 500 stocks at 52-week highs has stayed above zero for 38 straight trading days, meaning new highs have continued to outnumber new lows. The index has also closed more than two standard deviations above its 50-DMA eight times in the last ten trading days. That strength has been especially persistent in Financials, which closed at least one standard deviation above its 50-DMA for the 45th straight session on Friday. Narongrit Doungmanee/iStock via Getty Images The net percentage of S&P 500 stocks at 52-week highs has stayed above zero for 38 straight trading days, meaning new highs have continued to outnumber new lows. The ongoing streak now matches the This article was written by Bespoke Investment Group 48.86K Followers Follow Bespoke Investment Group provides some of the most original content and intuitive thinking on the Street. Founded by Paul Hickey and Justin Walters, formerly of Birinyi Associates and creators of the acclaimed TickerSense blog, Bespoke offers multiple products that allow anyone, from institutions to the most modest investor, to gain the data and knowledge necessary to make intelligent and profitable investment decisions. Along with running their Think B.I.G. finance blog, Bespoke provides timely investment ideas through its Bespoke Premium (https://bespokepremium.com/) subscription service and also manages money (https://bespokepremium.com/mm) for high net worth individuals. Visit: Bespoke Investment Group (https://bespokeinvest.com/)