T2108 at 81%; Lithium ETF (LIT) continues to shine


Their were 937 new highs in my universe of 4,000 stocks on Thursday, the most since April 26 (969) near the Feb-Apr rally’s   peak.   The T2108 is at 81% and it was at 80% at the April peak.   I am not saying the market is at a peak yet, just that when 23% of stocks hit a new 52 week high in one day, the market is heading toward an extreme…..

Check out LIT, the new lithium ETF.   The daily chart below shows it broke out of a recent consolidation.

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