5 Year New Highs
Everyone is familiar with 52 week new highs but how about longer term time frames. Quite some time ago, maybe back in to the mid 1990s I recall reading an ad that caught my attention. Basically the author was stating that he made real good money in the markets with but 20 minutes a week.
I was intriqed and the report was not overly expensive maybe $70 so I purchased it. The authors humble opinion was that stocks making multi-year new highs were great buys because they had happy shareholders, no one looking to get out even. I personally have never purchased a stock based solely on that piece of information but it is a pretty good screen showing us where deep strength lies. After all these stocks are higher than when the bear market began. They must be doing something right. Are any of these in your portfolio?
A twice weekly screen in the Member Area:
ETF Range Projections & A Quote to Start the Day
Every once in a while you must go to cash, take a break, take a vacation. Don’t try to play the market all the time. It can’t be done, too tough on the emotions.
- Jesse Livermore
For more detailed economic data click “Today’s Calendar” in the navigation bar to the left. 
Overseas market are lower overnight, Asia much more than Europe: Nikkei 225 -1.05%, Hang Seng -1.44%, Shanghai -2.38%, DAX -0.26%, and the FTSE 100 -0.15%
At about 7:30 AM ET as we await jobless claims and productivity at 8:30 AM ET the futures are indicating a virtually unchanged open: Dow +5, S&P +0.4, NAZ -1, Oil +$0.07 and Gold -$2.70
