Several major stocks including Microsoft, Amazon, JPMorgan, Walmart, Visa, and others hit new 52-week highs. The NYSE saw the most fresh 52-week highs since June 2021, nearing a 3-year high. Additionally, there was a new high in new highs in the S&P 500, with 38% of S&P 500 stocks making a new 20-day high yesterday.
38% of all stocks in the S&P 500 made a new 20-day high yesterday, the most this calendar year. This hit >60% on 12/1/23 and we noted at that time how rare and extremely bullish this was. Higher a yr later 15 out of 15 times and up 18% on avg. Well on the way to 16 out of 16. https://t.co/RImeULf2PM
Yesterday saw a new high in new highs. As shown in the chart, yesterday our reading on stocks making new 52-week highs in the S&P 500 broke out above the prior high from late last year. https://t.co/0t8XHRBUoC
All these stocks hit new 52 WEEK HIGHS at some point today Microsoft $MSFT Amazon $AMZN JPMorgan $JPM Walmart $WMT Visa $V Mastercard $MA Goldman Sachs $GS Micron $MU Netflix $NFLX Coinbase $COIN Disney $DIS DraftKings $DKNG American Express $AXP Bank of America $BAC Blackstone…
Today has seen the most fresh 52-week highs on the NYSE since June 2021. Nearly a 3-year high in new highs.
All these stocks hit new 52 WEEK HIGHS at some point today JPMorgan $JPM Mastercard $MA Citi $C Caterpillar $CAT Kroger $KR Waste Management $WM Nasdaq $NDAQ Macy's $M Ferrari $RACE Autozone $AZO Cigna $CI Core & Main $CNM $CRH Deutsche Bank $DB Ecolab $ECL Energy Transfer $ET…