Wednesday, September 17, 2014

BTFATH: New All Time Lies

New All Time Highs in the Dow and the S&P
As we see below, most stocks peaked a long time ago


Of the handful of stocks making new highs today, several peaked right before Lehman...

Technically 2008 was a lower high, but the spike back then is very notable:






BTFD
The most overbought market since December 2013
TRIN 20 DMA


Other notable new highs:
Canadian Pacific
Goldman Sachs