Bespoke’s Interactive Tools section available to members lets you easily track the underlying health of the market. One way to monitor internals is simply looking at the number of new 52-week highs and lows made each day in our huge database of stocks and ETFs. As shown below, on Friday we saw 596 new 52-week highs and just 36 new lows. That’s a huge number.
Looking at price charts across a range of US and country stock market index ETFs, we pretty much see breakouts everywhere. In the US, we saw large-caps (SPY, DIA, QQQ, VTI), mid-caps (IWR), and small-caps (IWM) all break out to new highs last week, while we saw the same for countries like Germany (EWG), Japan (EWJ), France (EWQ), and the UK (EWU). Below is a sampling of these charts pulled from our popular Chart Scanner tool. Our Chart Scanner lets users easily browse through hundreds of charts in a matter of minutes. If you like a chart or want to monitor it going forward, you can click the “bull” icon and it will go into a special folder that contains all of the charts you tag as bullish. You can do the same thing for charts you think look negative with the “bear” icon. If you use technical analysis as part of your investment strategy or simply like to look at charts to gauge overall trends for various asset classes, we can’t recommend the Chart Scanner tool enough. We use it every single day internally. Try it for yourself now by starting a two-week free trial to Bespoke Premium.