Gavekal Capital: Update on Lack of New Cycle Highs in Individual Stocks

Friday, April 25, 2014

Update on Lack of New Cycle Highs in Individual Stocks

At the risk of sounding like a broken record, below we provide an update on our count of new 100-day highs. The trend that has been in place since the end of last year (a lower number of new individual stock 100-day highs with each passing new cycle high in the index) remains in place even as stock indices yesterday closed within points of new cycle highs.

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