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.
