New Highs Surge – MarketTells.com

Monday was the fifth consecutive session with zero program trades. That’s only occurred 13 separate times since I began tracking this data in 2014. Stocks generally remained on an upward trajectory over the next five sessions…

Zero Program Trades Five Consecutive Sessions
11/11/24… SPX ???
07/08/24… SPX +1.1% five sessions later
06/25/24… SPX +0.7% five sessions later
05/10/24… SPX +1.6% five sessions later
11/17/21… SPX +0.3% five sessions later
08/09/21… SPX +1.1% five sessions later
06/30/21… SPX +0.5% five sessions later
02/08/21… SPX +0.4% five sessions later
08/09/18… SPX -0.5% five sessions later
11/16/17… SPX +0.7% five sessions later
10/04/17… SPX +0.7% five sessions later
09/13/17… SPX +0.4% five sessions later
07/19/17… SPX +0.2% five sessions later
06/23/17… SPX -0.6% five sessions later

The number of new 52-week highs on the NYSE exceeded the 400 level for the second time in less than a week. This is a key long-term level to watch because it’s historically difficult to hit such lofty levels. When it happens twice within a one-month time frame, it’s a bullish indication and stocks are typically higher six months later. Over 23 occurrences since 1980, the S&P was up 19 tiems, down 4 times six months later. Average gain was 9%, nearly triple the 3.4% average loss…

Cluster of 400+ new 52-week highs
11/11/24… S&P500 ???
09/19/24… S&P500 ???
04/29/21… S&P500 +8.1% six months later
03/11/21… S&P500 +14.1% six months later
12/08/16… S&P500 +8.2% six months later
10/22/13… S&P500 +7.1% six months later
05/07/13… S&P500 +8.7% six months later
01/22/13… S&P500 +13.4% six months later
11/04/10… S&P500 +9.8% six months later
03/08/10… S&P500 -3.0% six months later
01/05/10… S&P500 -6.7% six months later
10/19/09… S&P500 +9.8% six months later
06/01/07… S&P500 -3.6% six months later
04/25/07… S&P500 +1.4% six months later
02/02/07… S&P500 +1.3% six months later
12/05/06… S&P500 +6.7% six months later
03/04/05… S&P500 -0.3% six months later
11/05/04… S&P500 +0.0% six months later
10/13/03… S&P500 +8.0% six months later
09/03/03… S&P500 +12.7% six months later
06/02/03… S&P500 +10.7% six months later
09/17/97… S&P500 +16.6% six months later
06/13/97… S&P500 +6.7% six months later
02/21/86… S&P500 +11.4% six months later
10/11/82… S&P500 +15.9% six months later

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