52-week Lows Trailing Yesterday’s Levels on NYSE & NASDAQ

Update: 76 new lows on NASDAQ, nullifying signals below

It looks pretty clear that new 52-week lows will not expand on the NYSE (currently 20 vs. 31 Thursday). On the NASDAQ it’s pretty close (currently 64 vs. 69 Thursday), but if 52-week lows fail to expand beyond yesterday’s level on the NASDAQ, it will trigger two separate short-term bullish signals. When both the NDX & SPX trade down to new 20-day lows and new 52-week lows fail to expand on either the NYSE or NASDAQ, it’s a bullish sign looking out 1-2 days as well as 2-4 days…

NDX & SPX Hit One-Month Lows, New 52-week Lows Decline
08/25/10… Higher SPX close two sessions later
06/30/10… Higher SPX close four sessions later
01/28/10… Higher SPX close two sessions later
07/07/09… Higher SPX close two sessions later
02/23/09… Higher SPX close two sessions later
11/21/08… Higher SPX close two sessions later
10/09/08… Higher SPX close two sessions later
10/07/08… Higher SPX close four sessions later
09/17/08… Higher SPX close two sessions later
06/12/08… Higher SPX close two sessions later
01/23/08… Higher SPX close three sessions later
01/07/08… Higher SPX close three sessions later
11/12/07… Higher SPX close two sessions later
11/09/07… Higher SPX close two sessions later
07/31/07… Higher SPX close two sessions later
05/18/06… Higher SPX close two sessions later
01/03/06… Higher SPX close two sessions later
08/24/05… Higher SPX close three sessions later
04/18/05… Higher SPX close three sessions later
08/13/04… Higher SPX close two sessions later
07/23/04… Higher SPX close two sessions later
09/29/03… Higher SPX close two sessions later
08/05/03… Higher SPX close two sessions later
12/31/02… Higher SPX close two sessions later
10/08/02… Higher SPX close two sessions later
09/20/02… Higher SPX close four sessions later
09/18/01… No higher SPX close 2-4 sessions later
03/20/01… Higher SPX close four sessions later
12/21/00… Higher SPX close two sessions later
10/13/00… Higher SPX close four sessions later
10/18/99… Higher SPX close two sessions later
09/01/98… Higher SPX close four sessions later
08/28/98… No higher SPX close 2-4 sessions later
06/24/93… Higher SPX close two sessions later
02/17/93… Higher SPX close two sessions later
06/18/92… Higher SPX close two sessions later
06/26/90… Higher SPX close two sessions later
11/11/88… Higher SPX close two sessions later
01/21/88… Higher SPX close two sessions later

SPX & NDX Hit 5-Day Lows, New 52-week Lows Fail to Expand
08/25/10… Higher SPX close two sessions later
07/20/10… Higher SPX close two sessions later
06/30/10… No higher close within two sessions
01/28/10… Higher SPX close two sessions later
11/20/09… Higher SPX close one session later
08/11/09… Higher SPX close one session later
07/07/09… Higher SPX close two sessions later
02/23/09… Higher SPX close one session later
12/02/08… Higher SPX close one session later
11/21/08… Higher SPX close one session later
10/09/08… Higher SPX close two sessions later
10/07/08… No higher close within two sessions
09/18/08… Higher SPX close one session later
09/17/08… Higher SPX close one session later
08/20/08… Higher SPX close one session later
06/12/08… Higher SPX close one session later
06/03/08… Higher SPX close two sessions later
01/23/08… Higher SPX close one session later
01/07/08… No higher close within two sessions
01/02/08… Higher SPX close one session later
11/21/07… Higher SPX close one session later
11/12/07… Higher SPX close one session later
11/09/07… Higher SPX close two sessions later
07/31/07… Higher SPX close one session later
06/08/07… Higher SPX close one session later
04/12/07… Higher SPX close one session later
12/22/06… Higher SPX close one session later
11/03/06… Higher SPX close one session later
05/18/06… Higher SPX close one session later
01/03/06… Higher SPX close one session later
12/08/05… Higher SPX close one session later
11/30/05… Higher SPX close one session later
08/24/05… Higher SPX close one session later

I will post the final 52-week low figures on Twitter when they’re released.

Categories : Archived Intraday Commentary, Intraday Commentary

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